If you’re a micro-enterprise or SME in Nouvelle-Aquitaine seeking to finance a project, the Guarantee Fund in partnership with Région Nouvelle-Aquitaine can cover up to 70% of your bank loan. This initiative facilitates access to credit by sharing risk between your bank and the funders. Start by contacting your bank to prepare your application, which they will submit to Région Nouvelle-Aquitaine for processing.
Objectives
The Guarantee Fund aims to enhance access to financing for businesses in Nouvelle-Aquitaine by providing a joint guarantee for loans taken from banking institutions. This risk-sharing model between Région Nouvelle-Aquitaine and BPI France enables businesses to secure necessary funding for various projects, including creation, acquisition, or development.
Beneficiaries
This fund is available to:
- Micro-enterprises
- SMEs
All business sectors are eligible for this funding, ensuring broad access for various industries.
Eligible operations
The fund covers loans for:
- Business creation projects
- Business acquisition projects
- Business development projects
Note: Loans must be a minimum of €220,000 and are intended for medium to long-term financing.
Eligibility conditions
Key selection criteria include:
- Applications are analyzed by Région Nouvelle-Aquitaine as the financial intermediary.
- Businesses must present a viable project to secure funding.
Grant amount
The fund provides a maximum guarantee coverage of 70% of the loan amount, shared equally between Région Nouvelle-Aquitaine and BPI France. This coverage applies to loans starting from €220,000.
Frequently asked questions
Can I apply for the Guarantee Fund if I am a startup?
Yes, startups that qualify as micro-enterprises or SMEs can apply, provided they meet the other eligibility criteria.
What types of projects are eligible for funding?
Eligible projects include business creation, acquisition, and development, with loans starting from €220,000.
How do I apply for the Guarantee Fund?
Contact your bank to prepare your application file. The bank will then submit your file to Région Nouvelle-Aquitaine for analysis.
What is the maximum guarantee coverage I can receive?
The fund provides a maximum guarantee coverage of 70% of the loan amount, shared equally between Région Nouvelle-Aquitaine and BPI France.
How long does it take to get a decision on my application?
The processing time can vary. It’s best to check with your bank or Région Nouvelle-Aquitaine for specific timelines.