REBOND FEDER loan fund Lower Normandy
Kohesio
BPIFRANCE FINANCEMENT
COVID-19 is a major socio-economic shock and uncertainties about developments over the coming months are high. The economic and financial consequences generate financing failures due in particular to the systemic nature of the shock (stoppage of business activities, disruption of supply chains, inducing a surge in the volume of cash flow needs over a concentrated period and an uncertain duration even as the financing market, particularly banking, faces the financial and economic consequences of the crisis (increased market volatility, uncertain economic outlook, costs of risk and increased liquidity, etc.). failures compromise the survival of businesses and the objectives of competitiveness and economic growth pursued by the FEDER Operational Programs. The operation presented will mobilize FEDER within the framework of a “FEDER Rebound Loan Fund 2014-2020”, a financial tool to aid economic development, for the benefit of small and medium-sized businesses encountering a cash flow need linked to cyclical difficulty or a situation of temporary fragility linked in particular to the measures taken within the framework. of COVID 19. The fund will intervene in the form of a zero-interest loan - without guarantee requirements and over a period of 7 years, to support projects to strengthen the financial structure and mainly cash flow needs linked to the economic situation, the increase in the need for working capital.
Smarter Europe / Competitiveness of SMEs / Advanced support services for SMEs and groups of SMEs (including management, marketing and design services)