The Réunion Region and Bpifrance launched the “Réunion recovery loan” on November 5, intended for small businesses wishing to finance a development program or needing to strengthen their cash flow.
Lasting five to seven years, including one year to two years of deferred capital depreciation, this support loan is granted without taking guarantees on the assets of the company or the assets of the manager. It can finance tangible and intangible investments as well as the increase in working capital requirements., linked to a development program subject to co-financing of the same amount obtained from financial partners. In this context, the Region will mobilize 4 million euros, allowing Bpifrance to finance 14 million euros in “recovery loans” from around a hundred companies, i.e. 28 million euros of investment program with the mobilization of financial partners. Agreed at a preferential fixed rate of 3,32 % (rate to November 2024), the system is aimed at VSEs and SMEs in all sectors of activity with more than three years of existence. The amount of loans distributed is between 20,000 and 300,000 euros. Loans of less than 50,000 euros benefit from a completely dematerialized process. “The recovery loan” is supported by Bpifrance, which ensures the procedures for processing requests, the decision to grant loans as well as the implementation of the operation and its management.
