FRG (Regional Guarantee Fund) — Normandie
Purpose: encouraging companies to use bank loans by providing a joint guarantee from Bpifrance and the Normandy Region. Beneficiaries listed in the catalogue: SMEs as defined by the EU. The financing terms and selection criteria must be checked against the applicable official version.
The regional guarantee fund (Fonds Régional de Garantie, FRG) for Normandie is a regional scheme. The catalogue describes its purpose as follows: encouraging companies to use bank loans by providing a joint guarantee from Bpifrance and the Normandy Region. It is a guarantee backing bank financing, not a grant paid directly to the company. The regional page reviewed describes loans of at least two years and a guaranteed share generally of 70%, up to 80% for certain seed loans; current conditions should be checked with the partners.
Funded by Bpifrance, Région Normandie
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Who can apply
Beneficiaries listed in the catalogue: SMEs as defined by the EU. Check the legal form, size, activity, area covered, technical and financial capacity and the exclusions set out in the official rules.
Eligibility conditions
Conditions in the catalogue: not specified. Check the current rules, exclusions, combination rules, selection criteria and whether you must apply before committing.
What the scheme covers
Operations or costs listed: the guaranteed bank financing can cover creation, transfer and takeover, growth or strengthening cash flow. The project and the loan are reviewed by the partner bank and Bpifrance; the guarantee is not a direct grant.
Amount and funding terms
The catalogue states: a guarantee covering 70% of the financing, within an overall maximum outstanding amount of €714k (of which €357k for the Region), and 80% for seed participating loans of €75k to €150k. Confirm the availability and current parameters. This catalogue indication is neither a commitment to grant cover nor a confirmation of the applicable rate; check the rate, caps, eligible costs and combination rules.
How to apply
1) Identify the managing authority or financial partner. 2) Obtain the current rules. 3) Check the beneficiary, the project, the eligible costs, the rate or cap, the combination rules and the timetable. 4) Confirm the procedure and the documents before committing. In practice, the application goes through your bank.
Timeline
No usable end date is given. Confirm the timetable, the status of the scheme and the budget available with the managing authority or the financial partner. The Region describes a joint guarantee with Bpifrance for Normandy SMEs seeking a loan of at least two years or a lease, covering creation, transfer and takeover, growth and strengthening cash flow.
Key facts
- Funder
- Bpifrance, Région Normandie
- Type of funding
- Guarantee
- Status
- Ongoing
- Maximum amount
- €714,000
- Automatically extracted — check the official source
- Funding rate
- 70%
- Automatically extracted — check the official source
- Geographic scope
- Normandie
Frequently asked questions
What is the FRG (Fonds Régional de Garantie) - Normandie for?
The catalogue describes the following purpose: encouraging companies to use bank loans by providing a joint guarantee from Bpifrance and the Normandy Region. Check that your project falls within the scope of the applicable product.
Who can benefit and what are the exclusions?
The catalogue lists: SMEs as defined by the EU. Eligibility also depends on location, size, legal form, type of project and the exclusions in the current rules.
What amount or rate is provided?
a guarantee covering 70% of the financing, within an overall maximum outstanding amount of €714k (of which €357k for the Region), and 80% for seed participating loans of €75k to €150k. Confirm the availability and current parameters. Amounts and rates must be checked in the applicable rules.
Is the scheme open and how do I apply?
No usable end date is given. Confirm the timetable, the status of the scheme and the budget available with the managing authority or the financial partner. The Region describes a joint guarantee with Bpifrance for Normandy SMEs seeking a loan of at least two years or a lease, covering creation, transfer and takeover, growth and strengthening cash flow. Confirm the procedure, documents and timetable with the relevant authority before relying on the scheme.
Official source
No official URL is available in our data for this grant.
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