The modified and extended Resilience soft rate loan until December 31, 2023

What does this aid cover?

The government-guaranteed loan (GPL) was initially intended to support small and medium-sized companies (SMEs) and mid-cap companies (MID-cap companies) affected by the health crisis. The new Resilience EMP is now aimed at companies particularly affected by the consequences of the conflict in Ukraine: higher prices of certain raw materials, supply problems, suspension of payments from Russia or Ukraine, loss of business opportunities due to international sanctions.

Resilience soft loans are loans granted directly by the government to support the cash flow of companies that have not been able to benefit from financing solutions from their bank in order to meet their investment or working capital needs (inventory costs, receivables, etc.).

Amount of aid

Since 1^er january 2023, the schedule of subsidized loans is as follows:

• 230 basis points for loans with a maturity of 3 years;
• 250 basis points for loans with a maturity of 4 years;
• 275 basis points for loans with a maturity of 5 years;
• 290 basis points for loans with a maturity of 6 years.

Aid ceiling

The aid ceiling varies according to the situation of your company.

In case your company is weakened by the consequences of the conflict in Ukraine, the amount of the aid in the form of a soft loan shall not exceed:

• 15 % of the average total annual turnover in the last three closed accounting years;
• 50 % of the energy expenditure in the 12 months preceding the month of application for aid. The amount of this loan may be increased for SMEs in order to cover their liquidity needs for 12 months from the date of granting the loan (6 months for large companies). The beneficiary must here produce a self-certification establishing its liquidity needs.

In the event that the health crisis has weakened your company, the aid will be limited to:

• the wage bill in France estimated over the first two years of activity, for companies created on or after 1^er january 2019 ;
• 25 % of the 2019 duty-free turnover, for companies created before 1^er january 2019 ;
• twice the wage bill recorded in France in 2019 or, where applicable, in the last year available, for innovative companies set up before 1^er january 2019.

For these companies, the aid may take the form of a repayable advance of up to €2 300 000. The amortization period of this advance is limited to 10 years and includes a deferred repayment, also called a deductible, of 3 years.

Who can benefit from this aid?

This aid is intended for small and medium-sized companies which cumulatively:

• have not obtained a sufficient SGP loan to finance their operation;
• justify real prospects of recovery of their holding;
• are not the subject of collective insolvency proceedings.

How to get the Resilience Subsidized Rate Loan?

In order to qualify for a Resilience soft loan, you must first contact the company Restructuring and Difficulty Prevention Commissioner (CRP) at the local level before applying to your Departmental company Finance Issues Review Committee (CODEFI).