The Honor Loan from Financeurs privés is designed for entrepreneurs and business acquirers aiming to create jobs and grow their businesses. This scheme offers loans ranging from €15,000 to €50,000, or up to €90,000 for innovative projects, with a repayment period of five years and no interest or collateral required. Beneficiaries also gain access to personalized mentoring and a supportive network of alumni. Contact Financeurs privés for application details.
Objectives
The Honor Loan aims to foster the growth of small and medium-sized enterprises (SMEs) by providing financial support and mentorship. It is specifically targeted at new business creators and those acquiring existing SMEs with strong development potential. The loan not only strengthens the equity of the business but also connects entrepreneurs to an extensive international network, enhancing their chances of success.
Beneficiaries
This scheme is open to:
- Entrepreneurs creating new SMEs
- Individuals acquiring existing SMEs
Eligible businesses must demonstrate job creation potential and a strong development trajectory.
Eligible operations
The Honor Loan supports:
- Creation of new SMEs
- Acquisition of existing SMEs
Projects must focus on job creation and demonstrate significant growth potential.
Eligibility conditions
Key conditions for the Honor Loan include:
- The loan is granted to individuals, not companies directly.
- Repayment period of five years with no interest.
- No collateral required for the loan.
- Must be part of a project that shows strong potential for job creation.
Grant amount
The Honor Loan ranges from €15,000 to €50,000, with the possibility of reaching up to €90,000 for innovative projects. This financial support is designed to enhance the equity of the business and is repayable over five years without interest or collateral. Specific conditions may apply depending on the project type.
Frequently asked questions
Can I apply for the Honor Loan if I have no previous business experience?
Yes, the Honor Loan is available to new entrepreneurs, but you must demonstrate a viable business plan and potential for job creation. Mentorship is provided to guide you.
What types of projects are eligible for the higher loan amount of €90,000?
Projects that are deemed innovative and show significant potential for growth can qualify for the higher loan amount. This includes new technologies or unique business models.
How long does it take to receive the Honor Loan after applying?
The processing time can vary. Typically, it may take several weeks to a few months depending on the completeness of your application and the review process.
Is the Honor Loan available to businesses outside of Rhône?
No, the Honor Loan is specifically for businesses within the Rhône region. However, similar programs may exist in other regions.
What happens if I cannot repay the Honor Loan?
Since the loan is unsecured and interest-free, it is important to communicate with Réseau Entreprendre if you face difficulties. They may provide options or support to help manage repayment.