Launched with great fanfare in the spring, the relaunch participatory loan (PPR), a support system to help businesses bounce back, is struggling to find its audience.
This loan, which benefits from a State guarantee, should enable healthy SMEs and intermediate-sized enterprises (ETIs) to finance investment projects.
It has an eight-year lifespan and subscribers don't start paying it back until the fourth year.
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However, despite the commercial offensive of the banks, few companies have allowed themselves to be seduced.
Between 150 and 200 million euros have thus been granted since May, mainly to mid-sized companies.
In fact, the product is complex.
It is assimilated to quasi-equity because its reimbursement does not have priority over other debts.
"The managers of small SMEs often have difficulty understanding the benefits of the product,"
explains Germain Simoneau, chairman of the CPME's corporate finance committee.
We will have to do
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