Région Nouvelle-Aquitaine, in collaboration with SIAGI, offers a guarantee fund that provides up to 70% coverage on loans taken out by micro-enterprises and SMEs across all sectors. This initiative aims to enhance access to credit by sharing the risk between your bank and the guarantors. To apply, start by contacting your bank, which will handle the submission of your application to SIAGI.
Objectives
This guarantee fund facilitates access to financing for businesses by providing a joint guarantee on loans from banking institutions. By sharing the risk, SIAGI and Région Nouvelle-Aquitaine make it easier for companies to secure necessary funding for their projects, whether for creation, takeover, or development.
Beneficiaries
This fund is designed for:
- Micro-enterprises
- SMEs
Eligible businesses can operate in any sector.
Eligible operations
The fund covers loans ranging from €15,000 to €250,000, aimed at medium to long-term financing. It is key for applicants to prepare their application with their banking institution, which will then forward it to SIAGI for analysis.
Eligibility conditions
Key conditions include:
- Applications are analyzed by SIAGI as the financial intermediary.
- Businesses must present a viable project for financing.
Grant amount
The fund provides a maximum guarantee of 70% of the loan amount, shared equally between SIAGI and Région Nouvelle-Aquitaine. This coverage applies to loans of €15,000 to €250,000, facilitating significant financial support for business projects.
Frequently asked questions
Can I apply for the guarantee fund if my business is newly established?
Yes, as long as your business is a micro-enterprise or SME and meets the other eligibility criteria.
What types of projects can be financed through this fund?
The fund supports projects related to business creation, takeover, or development across all sectors.
How do I start the application process?
Begin by contacting your bank to prepare your application file, which they will then submit to SIAGI.
What is the maximum amount I can borrow?
You can borrow between €15,000 and €250,000, with a maximum guarantee of 70% provided by the fund.
How long does it take to get a decision on my application?
The processing time varies, but it typically depends on the bank’s timeline for submitting your application to SIAGI.