The Fraternité Repayable Advance offers financial support to entrepreneurs in Val d’Oise and Yvelines who have suffered damages due to recent riots. Eligible businesses can receive a repayable advance of €5,000 at 0% interest, repayable over 48 months with a monthly payment of €104.16. This initiative prioritizes companies located in municipalities with Priority Urban Districts and is facilitated through local emergency units.

Objectives

This scheme aims to support entrepreneurs who have been adversely affected by civil unrest. It provides financial assistance to help them recover and stabilize their businesses in the aftermath of the riots, ensuring they have the necessary resources to continue operations and contribute to the local economy.

Beneficiaries

The Fraternité Repayable Advance is available for various types of businesses, including:

• SMEs, artisans, and traders
• Independent businesses (franchisees accepted)
• Companies located in Val d’Oise or Yvelines
• Businesses that have reported damages and are supported by emergency units of the CCI and CMA

Priority is given to those in municipalities with one or more Priority Urban Districts.

Eligible operations

Eligible operations under this scheme include:

• Financial support for entrepreneurs affected by the riots

This advance is specifically designed to assist businesses in recovering from the financial impact of the unrest.

Eligibility conditions

To qualify for the Fraternité Repayable Advance, applicants must:

• Be located in Val d’Oise or Yvelines
• Have filed a complaint detailing the damages incurred
• Be accompanied by the emergency units of the CCI or CMA
• Demonstrate the impact of the riots on their business operations

Grant amount

The repayable advance amounts to €5,000, offered at a 0% interest rate. The repayment period is set at 48 months, with monthly payments of €104.16. Additionally, entrepreneurs receiving this support may benefit from free membership in Initiactive 95-78 for three years.