Considered difficult, these loans, aimed at strengthening the capital of companies, do not meet their needs.
Launched with great fanfare in the spring, the Equity Ownership Restart (PPR), a support system to help businesses bounce back, is struggling to find its audience. This loan, which is backed by a government guarantee, should enable healthy small and medium-sized enterprises (ETIs) to finance investment projects. The lifespan is eight years and subscribers don’t start returning it until the fourth year.
However, despite the commercial offensive of banks, only a few companies managed to seduce. Thus, from May 150 to 200 million euros have been allocated, mainly to medium-sized companies. In fact, the product is complex. It is equated to a quasi-equity, because its reimbursement has no priority over other debts. “Small and medium-sized business leaders often have difficulty understanding the benefits of a product, explains Germaine Simonot, President of the CPME Corporate Finance Commission. We will need to do
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