The Guarantee Fund in partnership with France Active aims to enhance credit access for microenterprises in Nouvelle-Aquitaine by sharing risk between banks and the fund. This initiative specifically targets projects that demonstrate social utility or significant job creation, especially for disadvantaged populations. Applications are submitted directly to France Active Nouvelle-Aquitaine.
Objectives
This fund facilitates access to credit by allowing banks to share the risk associated with lending to microenterprises. It is designed to support projects that not only contribute to economic development but also have a positive social impact, particularly in areas such as job creation and support for vulnerable groups.
Beneficiaries
The fund is aimed at microenterprises that meet the following criteria:
- Projects demonstrating proven social utility or significant job creation impact, especially for disadvantaged populations.
- Microenterprises created or taken over by individuals distanced from employment or in precarious situations.
- Social and solidarity economy enterprises as defined by French law no. 2016-856 of 31 July 2014.
Eligible operations
Eligible operations include:
- Creation of new enterprises.
- Takeover or transfer of existing businesses.
- Development of business activities.
- Strengthening of financial structures.
This fund is particularly focused on supporting populations distanced from employment and social economy structures.
Eligibility conditions
Key selection criteria include:
- The project must demonstrate social utility or significant impact on job creation.
- The enterprise must be a microenterprise, as defined by relevant regulations.
- Projects should be aimed at supporting disadvantaged populations.
Grant amount
The fund provides a bank guarantee of up to 65% of the loan amount, with a maximum guarantee limit of €200,000. This financial support can significantly enhance the ability of microenterprises to secure necessary funding.
Frequently asked questions
Can I apply for the Guarantee Fund if my project is in the social economy?
Yes, social and solidarity economy enterprises are eligible for this fund, provided they meet the other criteria.
How long does it take to receive a decision on my application?
The decision time for your application to the Guarantee Fund with France Active typically ranges from 4 to 8 weeks, depending on the completeness of your submission and the volume of applications being processed. For the most accurate and up-to-date information regarding your specific case, please reach out directly to Région Nouvelle-Aquitaine.
Is there a limit on the amount I can receive from the Guarantee Fund?
Yes, the maximum guarantee provided by the fund is 65% of the loan amount, capped at €200,000.
What types of projects are prioritized for funding?
Projects that demonstrate social utility, significant job creation, and those supporting disadvantaged populations are prioritized.
How do I apply for the Guarantee Fund?
Applications must be submitted directly to France Active Nouvelle-Aquitaine. Ensure your project meets the eligibility criteria before applying.