The 5-50 Guarantee is designed for small businesses across various sectors in France, providing required support for financing tangible and intangible assets, as well as working capital. With guaranteed loans ranging from €5,000 to €50,000, this scheme helps businesses overcome the challenges of securing low-amount loans. The guarantee covers 50% of the loan amount, making it easier for companies to access necessary funds. Contact SIAGI for application details.
Objectives
The 5-50 Guarantee specifically addresses the financing difficulties faced by small businesses when seeking loans for investments. It facilitates access to funds for purchasing equipment, intangible assets, and managing working capital, thus enabling businesses to invest in their growth and sustainability. This scheme is particularly beneficial for micro-enterprises and small businesses that may struggle to secure traditional financing.
Beneficiaries
This guarantee is available to a wide range of entities, including:
- Small businesses in crafts, retail, industry, services, and liberal professions
- All legal structures, including micro-enterprises and associations
Excluded: Businesses seeking to cover overdrafts or refinance older invoices.
Eligible operations
Eligible expenses under the 5-50 Guarantee include:
- Tangible assets: equipment and machinery
- Intangible assets: software and intellectual property
- Working capital needs (excluding restructuring)
- Personal loans for professional purposes
Not covered: Overdrafts, long-term loans, or refinancing of invoices older than 6 months.
Eligibility conditions
Key conditions for accessing the 5-50 Guarantee include:
- The loan must be used for eligible expenses as defined above
- The loan duration ranges from 24 to 84 months, including a maximum 6-month repayment deferral
- The guarantee covers 50% of the loan amount, with terms set by the lending bank.
Grant amount
The 5-50 Guarantee supports loans between €5,000 and €50,000, with a guarantee covering 50% of the loan. This scheme is particularly advantageous for small businesses needing to finance investments without the burden of high-interest rates. Contact SIAGI for more information on how to apply.
Frequently asked questions
What types of businesses can benefit from the 5-50 Guarantee?
The 5-50 Guarantee is available to small businesses in crafts, retail, industry, services, and liberal professions, including micro-enterprises and associations.
How much can I borrow with the 5-50 Guarantee?
You can borrow between €5,000 and €50,000, with the guarantee covering 50% of the loan amount.
What expenses can the loan cover?
The loan can be used for tangible and intangible assets, as well as working capital needs, excluding restructuring costs.
Are there any ineligible expenses for the 5-50 Guarantee?
Yes, the loan cannot be used for overdrafts, long-term loans, or refinancing invoices older than 6 months.
How long is the loan term for the 5-50 Guarantee?
The loan duration ranges from 24 to 84 months, including a maximum 6-month repayment deferral period.