How to fund a business creation or takeover with an honour loan in Nice Côte d'Azur?

Summary

CGET no longer exists in this form since 2020: it was merged into the ANCT. For a current application, the relevant contact is Initiative Nice Côte d'Azur. Its website presents a personal interest-free honour loan, unsecured, generally between €2,000 and €30,000, repayable over 2 to 5 years, with support provided. Conditions and the amount are subject to review of the project.

Why does CGET appear in the repository?

The Commissariat général à l'égalité des territoires (CGET) was a public body responsible for territorial cohesion and equality policies. Since 1 January 2020, it has been merged into the Agence nationale de la cohésion des territoires (ANCT), formed from the merger of several public structures. This does not show that the ANCT currently manages or funds the local honour loan. This point must be corrected in the repository after documentary verification.

What is the role of Initiative Nice Côte d'Azur?

Initiative Nice Côte d'Azur is a local platform of the Initiative France network that supports business creators and buyers and can offer them an honour loan. The association states that the loan is personal, interest-free, and unsecured. It strengthens the project leader's own contribution and makes it easier to obtain a supplementary bank loan; it generally does not replace bank financing. The application is reviewed according to eligibility conditions and project viability.

What amount and duration?

The official Initiative Nice Côte d'Azur page presents a creation-takeover honour loan of between €2,000 and €30,000, interest-free, with no personal guarantee, repayable over 2 to 5 years. A repayment deferral of up to six months is indicated. The amount granted is not automatic: it depends on the project review and the approval committee's decision. These conditions may differ for the other loans offered by the platform, in particular growth, agricultural, or specific schemes.

What projects may be concerned?

The repository fact sheet mentions business creation and takeover projects, across all sectors, as well as complementary programmes that may target young entrepreneurs or certain sectors. The local website presents distinct offers, each with its own criteria. The creation-takeover honour loan targets investment needs, start-up costs, and cash flow linked to the project. Financial intermediation services and real estate activities are listed as excluded sectors in the master repository; confirm these exclusions under current conditions before submitting an application.

What are the application steps?

1. Finalise your business plan and financial forecasts.
2. Determine your financing needs: investments, start-up costs, cash flow, and the amount of bank loan sought.
3. Contact Initiative Nice Côte d'Azur to confirm the right scheme and territorial criteria.
4. Prepare the requested supporting documents and discuss with the support team.
5. Submit your application following the platform's selection process and approval committee.
6. If the loan is granted, coordinate how it fits with the supplementary bank financing. The list of documents, timelines, and access criteria must be confirmed directly with the platform.

Important precautions

The master repository is inconsistent about the funder: it names CGET, now merged into the ANCT, while the fact sheet describes a local offer from Initiative Nice Côte d'Azur. The local loan is therefore documented from the operator's website, but it must not be presented as a grant or a loan awarded directly by CGET/ANCT. Interest-free does not mean the loan does not need to be repaid. Supplementary bank financing is recommended, and the award depends on review of the application.

Does CGET still fund this loan?

CGET was merged into the ANCT on 1 January 2020. The sources consulted do not establish that the ANCT currently funds this local loan. To apply, contact Initiative Nice Côte d'Azur and treat the historical link to CGET as a point to be reconciled in the repository.

What is the amount of the local honour loan?

Initiative Nice Côte d'Azur states an amount of €2,000 to €30,000 for its creation-takeover honour loan, subject to eligibility and decision.

Is a guarantee required or interest payable?

The creation-takeover honour loan is presented as a personal, interest-free loan with no personal guarantee. It must be repaid according to the agreed schedule.

Does the loan replace a bank loan?

No. It is intended to strengthen the personal contribution and make it easier to access a supplementary bank loan. The association supports the project leader in preparing the financing.

Check my eligibility

Capital OS helps you identify schemes to look into based on your project. For this fact sheet, contact Initiative Nice Côte d'Azur directly to confirm the current offer and criteria. The presence of CGET in the repository is not confirmation of current public funding.

Aid ID

2229

Aid name

Initiative Nice Côte d'Azur honour loan

Funder ID

1635

Funder name

CGET

Purpose of the aid

To make business creation possible for as many people as possible through suitable financing (the interest-free honour loan) and free, ongoing support. The support of local associations in the Initiative France network secures business projects: 90% of supported businesses pass the 3-year mark (vs. 70% on average).

Eligible operations

All types of business creation and takeover projects. Complementary programmes have been designed specifically for entrepreneurs, people under 30, or certain sectors of activity (agriculture, retail, innovation, transfer/takeover, etc.).

Conditions

Local associations in the network welcome project leaders at the stage of finalising their business plan and seeking financing. All project leaders can apply for support and financing.

Amount / form of support

Interest-free, unsecured honour loan, granted on a personal basis. It is generally for an amount between €2,000 and €30,000, repayable over a maximum period of 5 years. The honour loan is always paired with a bank loan: for every €1 of Initiative honour loan, an Initiative entrepreneur obtains on average €9.5 of bank loan. Support provided before the honour loan is granted allows the entrepreneur to assess the full extent of their financing needs.

Beneficiaries

Leaders of business creation or takeover projects in all sectors, regardless of age, background, or financial capacity. Excluded sectors of activity: financial intermediation and real estate services.

End date

0000-00-00 00:00:00

Additional sources

See the Initiative Nice Côte d'Azur website. http://www.initiative-nca.fr/ 2019-06-21