Fund objective

This fund is part of a principle of subsidiarity, in addition to the other mechanisms operated by the State and the local authorities, and must allow “last resort” intervention.

It is therefore mobilized if:

• the applicant does not have access to a bank loan or to other support tools offered by the State, the Region (rebound loan) or other communities,

• the other support tools did not meet the cash flow requirements.

Target audience

The fund targets the following audiences based on eligibility criteria related in particular to the size of their workforce:

• entrepreneurs, micro-entrepreneurs and small businesses, up to 10 employees, unable to obtain a bank loan;

• associations and groups of associative employers with a workforce of between 1 and 20 employees, with less than € 500K in associative reserves, and whose activity is directly related to the fields:
culture,
sport,
tourism,
youth,
education,
environment,
health,
popular education,
social innovation,
integration and vocational training,
integration through economic activity,
and / or having recognition either as an establishment and service of assistance through work, or as an adapted company.

Characteristics of the repayable advance

This is a quarterly repayment ADVANCE

It is an Advance of 10,000 € - repayable in 3 years, including 1 year deferred No Guarantee - Interest rate = 0%