Réunion region (02.07.2020)With the objective of strengthening the cash flow of SMEs affected by the crisis, in the amount of € 30K to € 300K, this aid takes the form of a zero-interest loan and is open to SMEs potentially created for more than a year (with at least 1 balance sheet) This fund allows SMEs to have facilities and the possibility of seeing coming with: 2 years deferred repayment, 0% interest rate, and No administration fees.
With the objective of strengthening the cash flow of SMEs affected by the crisis, in the amount of € 30K to € 300K, this aid takes the form of a zero-interest loan and is open to SMEs potentially created for more than a year (with at least 1 balance sheet) This fund allows SMEs to have facilities and the possibility of seeing coming with: 2 years deferred repayment, 0% interest rate, and No administration fees.
With the objective of strengthening the cash flow of SMEs affected by the crisis, in the amount of € 30K to € 300K, this aid takes the form of a zero-interest loan and is open to SMEs potentially created for more than a year (with at least 1 balance sheet) This fund allows SMEs to have facilities and the possibility of seeing coming with: 2 years deferred repayment, 0% interest rate, and No administration fees.
INFO published on Thursday, July 2
Among the measures deployed by the Region, in partnership with BPIFRANCE, the Rebound Loan was initially endowed with € 20 million.
To meet the needs expressed by businesses in Reunion Island, an additional envelope has been allocated to bring the fund to € 28 million.
Nearly 200 companies have benefited from this support.
The envelope is, to date, completely consumed.
However, as part of the new measures, currently being developed at national level and with European funds, a comparable mechanism should be implemented in the coming weeks.