Minister Bruno Le Maire -

Jacques Witt / SIPA

Companies will have the “right” to benefit from an additional year to start repaying the loans guaranteed by the State (PGE), taken out to face the crisis, announced the Minister of Economy and Finance, Bruno The Mayor, this Thursday during the press conference of the government.

At the beginning of the health crisis, the executive had set up a loan guaranteed by the State, with a period of one year before the banks could demand the repayment of credits.

Companies should therefore have started repaying at the end of March, when many are still experiencing financial difficulties.

Companies invited to contact their banks

"Some see the first deadline for repayment of their capital approaching with great concern," said the minister.

Bruno Le Maire indicated that he had obtained from the French Banking Federation that "all companies, whatever their sector of activity, and whatever their size", will be able to benefit, "by right", from a "deferred repayment an additional year ”.

Bruno Le Maire "invites" thus "all companies to contact their banker, their bank branch now, to define the terms of amortization of their loans, taking into account this additional grace period granted to them".

On Monday, the Confederation of Small and Medium-Sized Enterprises (CPME) regretted the “reluctance” of certain banks to grant companies a postponement of an additional year for the start of reimbursement of PGEs.

Over 638,000 EMPs granted

The hotel and catering industry is the second sector in terms of the number of PGEs subscribed, behind car repair companies, according to the report on January 1 published by the Ministry of the Economy.

In total, more than 638,000 PGEs have been granted by the banks, for an amount of approximately 130 billion euros.

In addition, concerning other bank loans, Bruno Le Maire announced that "the banks have undertaken to examine favorably any request for a moratorium or postponement of maturity for the companies which are most affected by the crisis, on a personalized basis. ".

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