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State guaranteed loans: the anticipated repayment period is lengthening, according to a Medef survey


The share of businesses that plan to repay their state-guaranteed loan in one year fell from 34% in September to 28% in December.

The time expected by companies to repay their state guaranteed loan (PGE) has lengthened after the second lockdown, according to the results of a survey published Tuesday by Medef.

Among the thousand companies questioned in September and then in December 2020 by the employers' organization, the proportion of those planning to repay their EMP in advance or at a one-year maturity fell from 34% to 28%, while this deadline will arrive in April for the first of them.

Read also: François Asselin (CPME): "The Covid debt of companies must be contained in the balance sheets"

Also between September and December, the share of those planning to repay their EMP over the maximum period of six years rose from 19% to 22%.

A quarter declares that they want to take between two and five years to erase this debt and, "

faced with a still uncertain context, a quarter of companies say they do not know when they will repay

", further notes the Medef who asks banks "

to do proof of listening and flexibility


A crisis longer than expected

Also between September and December, the share of companies reporting having consumed more than 75% of their EMP rose from 11% to 19%.


The crisis is proving to be longer than expected, especially for certain sectors of activity that have been particularly affected, and these EMPs have been an essential lever to avoid bankruptcy

", underlines the employers' organization.

In the vast majority of cases, however, the EMP does not respond to a situation of acute financial crisis: for 40% of companies, it covers “

an anticipated cash requirement

” and for 38%, it is “



of precaution


The loan only responds to “

an immediate cash flow need

” for 17% of respondents.

The proportion of companies declaring that they have a “

solid or rather solid

cash flow situation

crumbles by two points between September and December, going from 30% to 28%, while 41% in December qualified their cash flow as “


”, in


up one point from September.

Read also: Why two-thirds of restaurateurs miss out on the loan guaranteed by the State

The EMPs, of which 89% of the beneficiaries are very small enterprises (VSEs) with a turnover of less than 2 million euros, were mainly distributed between April and May, and 95% of the enterprises which did so. asked one obtained it, according to the investigation of the Medef.

According to the Ministry of the Economy, more than 638,000 EMPs have been granted since the start of the Covid-19 epidemic for a total amount exceeding 130 billion euros.

Source: lefigaro

All news articles on 2021-01-12

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