Bruno Le Maire, French Minister for the Economy and Finance, in conjunction with the French Banking Federation (FBF) and Bpifrance, today announces the publication of a Q and A on the government-backed loan mechanism.
This document provides clear answers to nearly 40 practical questions on companies eligible for the loan, the credit approval procedure, the features of the loan and the guarantee provided. This Q and A was prepared to answer the questions of beneficiary companies and to assist the banking networks in their review of credit applications.
The document notably stresses that:
Press release – Government-backed loans: Detailed Q and A published