Consolidating a business’s cash position in the Boulonnais
A financial consolidation option for a business in the Boulonnais: redeployment plan, job retention and a repayable advance to be confirmed with the funder.
A business in the Boulonnais facing temporary financial difficulties can look at this consolidation aid, intended to finance a redeployment plan and preserve jobs. The catalogue describes a repayable advance, but the current scale and criteria should be confirmed with the funder before any decision.
Funded by CA du Boulonnais
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Who can apply
SMEs with more than 25 employees and large companies, mainly in industry and/or structuring businesses in their sector, registered in the trade and companies register (RCS), with at least 3 financial years except in the case of a takeover. Not eligible: regulated or similar professions; financial and property activities; primary agriculture (production); primary fishing and aquaculture; sectors of activity or categories of aid excluded by the rules or the EU aid regimes.
Eligibility conditions
The business must be up to date with its tax and social security obligations; face cyclical or structural economic difficulties that it cannot resolve alone or with its financial partners, while having sound fundamentals or a coherent business model; present a financial consolidation project that contributes to its redeployment and supports its medium-term viability; and secure its project with the assistance of legal and/or financial advisers.
What the scheme covers
Redeployment projects that help secure as many jobs as possible. Eligible expenditure: working capital requirement; tangible investment (excluding property); intangible investment (patents, software, ERP, etc.) linked to the redeployment plan.
Amount and funding terms
A repayable advance capped at €100,000. The rate is based on the 3-month Euribor plus 100 basis points, with a 0% floor at the time of the aid application; the advance’s rate will be set according to the business’s project, its repayment capacity and the other sources of financing mobilised. A capital repayment deferral of up to 2 years may be granted depending on need, subject to a specific request by the business. The loan term including the deferral will not exceed 7 years. The amounts and financial conditions should be confirmed in the rules in force.
How to apply
1. Present the financial situation, the redeployment plan and the jobs to be preserved to the funder. 2. Prepare forecasts, a cash-flow plan and accounting documents. 3. Document the support from shareholders and banking partners. 4. Have eligibility, the amount, the rate and the procedure confirmed before contracting.
Timeline
No usable, current end date is confirmed in the information available. Check with the funder whether the scheme is open, whether funds remain available and whether the application must be submitted before any quote, order, recruitment or start.
Key facts
- Funder
- CA du Boulonnais
- Type of funding
- Repayable advance
- Status
- Ongoing
- Maximum amount
- €100,000
- Automatically extracted — check the official source
- Geographic scope
- Not specified
Frequently asked questions
Who can apply for this aid?
The profile indicated in the catalogue is: SMEs with more than 25 employees and large companies, mainly in industry and/or structuring businesses in their sector, registered in the trade and companies register (RCS), with at least 3 financial years except in the case of a takeover. Not eligible: regulated or similar professions; financial and property activities; primary agriculture (production); primary fishing and aquaculture; sectors of activity or categories of aid excluded by the rules or the EU aid regimes. Confirm the criteria, territory and exclusions with the funder before concluding that you are eligible.
Which projects or expenditure can be funded?
Redeployment projects that help secure as many jobs as possible. Eligible expenditure: working capital requirement; tangible investment (excluding property); intangible investment (patents, software, ERP, etc.) linked to the redeployment plan. The official list of accepted costs and exclusions should be confirmed before committing.
What is the amount of the aid?
A repayable advance capped at €100,000. The rate is based on the 3-month Euribor plus 100 basis points, with a 0% floor at the time of the aid application; the advance’s rate will be set according to the business’s project, its repayment capacity and the other sources of financing mobilised. A capital repayment deferral of up to 2 years may be granted depending on need, subject to a specific request by the business. The loan term including the deferral will not exceed 7 years. The amounts and financial conditions should be confirmed in the rules in force.
When should the application be submitted?
No usable, current end date is confirmed in the information available. Check with the funder whether the scheme is open, whether funds remain available and whether the application must be submitted before any quote, order, recruitment or start. To avoid becoming ineligible, ask for written confirmation of the deadlines and procedure before starting.
Official source
No official URL is available in our data for this grant.
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