Banking and Finance

• 90% guarantee for 3- to 7-year loans granted by French private banks to affected companies;
• Guarantee up to 90% of the bank overdraft if the bank confirms the overdraft over a period of 12 to18 months;
• Extension of conventional guarantees for investment loans for a period of 6 months, free of charge;
• 3- to 5-year unguaranteed loans up to €5 million for SMEs and €30 million for "mid-cap" companies (ETIs), with deferred payment (so-called "prêt Atout");
• In cooperation/together with French regions, possibility for companies to be granted an unguaranteed loan from €10 to €200,000, subsidized over a period
of 7 years with a 2-year deferral (so-called "prêt Rebond");
• Extension for BPI France clients of the invoices deadlines and granting of cash credit facility equivalent to 30% of the receivables' amount;
• Suspension, as of 16 March 2020, of repayments for loans granted by BPI France, for a duration up to 6 months;
• Readjustment upon request of medium and long-term loans for BPI France clients;
• Amplification of the "Cap Francexport" public reinsurance scheme, implemented in October 2018, with a doubling of the ceiling on outstanding amounts
reinsured by the State (to €2 billion) ;
• Possibility for companies facing payments difficulties to apply for a settlement plan aiming at spreading or deferring payment of tax debts;
• In the event of more serious difficulties, possibility for these companies to be granted direct taxes rebates on a case-by-case basis, following an
individualized assessment;
• Possibility for companies to obtain an anticipated refund of corporate tax claims refundable in 2020 (without waiting for the filing of the profit and loss
statement), as well as an accelerated processing of claims for VAT credits refunds;
• Deferral of rents, water, electricity and gas bills for small businesses eligible to the solidarity funds financed by the State and the Regions;
• Flat-rate aid of €1,500 for all small businesses, self-employed persons and micro-entrepreneurs and self-employed persons;
• Possibility of an additional flat-rate aid of €2,000 paid by the Region for firms employing at least one employee who are unable to pay their debts within 30
days and who have been refused a cash loan by their bank;
• State guarantees up to €300 billion to cover bank lines of credit that businesses may need as a result of the pandemic. This cash loan will be able to cover
up to 3 months of turnover. The loan benefits from a State guarantee of 70 to 90%, depending on the size of the company;
• 10 billion guarantee scheme to enable companies to continue to benefit from the credit insurance cover they need in order to continue doing their activity