State guaranteed loans: 130 billion euros distributed by banks to businesses in 2020

The loan guaranteed by the State (PGE) was particularly popular with companies in 2020. The amount of loans distributed amounted to around 129 billion euros according to the last count made by Bercy in mid-December, indicates

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Read also: Will State Guaranteed Loans Really Be Repaid?

As a reminder, the device was launched at the end of March - during the first days of confinement - by the Ministry of the Economy, banks and Bpifrance.

Objective: to help companies face the health crisis in order to avoid cash flow problems.

More precisely, it was a question of providing them very quickly and at attractive rates of liquidity, within the limit of 25% of the annual turnover, with an amount guaranteed at 90% by the State.

In total, 630,000 companies have benefited from this system, 89% of which are very small companies (TPE) with a turnover of less than 2 million euros.

Among the sectors that have benefited the most from these loans, we find in particular petty trade (almost a quarter of the total loans granted), hotels and restaurants and construction.

However, the money released must be refunded.

The first repayment deadlines should begin in April.