A breath of fresh air for some companies.
This Wednesday will be signed an agreement allowing the companies most in difficulty to postpone or spread over ten years the repayment of their loan guaranteed by the State (PGE), contracted on the occasion of the pandemic.
Read also16% of state-guaranteed loans already fully repaid
“
Today is an important decision.
(...) We are going to sign with the Governor of the Banque de France and the French Banking Federation an agreement on the possibility of postponing the repayment of its loan guaranteed by the State, and of spreading out the repayment, which was set at six years, you can spread it up to 10 years for those who are most in difficulty
, ”said Bruno Le Maire on RMC / BFMTV this Wednesday morning.
"
Not automatic
"
On the possibility of postponement, the Minister of the Economy clarified that the deadline for next April could be postponed by "
six months
".
These measures are “
not automatic
”, stressed the Bercy tenant.
Applicants must “
demonstrate
” to Credit Mediation that they are unable to repay immediately and that they have “
development prospects
”.
In total, nearly 700,000 companies have contracted a PGE since March 2020, for a total outstanding amount of 143 billion euros.
Read alsoLess than 1% of PGE beneficiary companies are in default of payment
These relaxations are in addition to the aid already put in place for the sectors hard hit by the fifth wave and the Omicron variant, such as the hotel and catering industry, caterers, events and even travel agencies.
To the 100% coverage of partial unemployment for companies having lost at least 65% of their turnover, and of their fixed costs from a 50% loss, was added on Tuesday a new measure, announced by Jean Castex: coverage of payroll up to 20% from 30% loss of turnover.