Guarantee for Cultural and Creative Companies
An IFCIC guarantee for loans financing the investment and financial needs of cultural and creative businesses and associations. The rate is generally 50%, and may reach 70% for certain loans/caps. An annual fee of between 0.5% and 0.7% is announced, depending on the rate.
The IFCIC guarantee for cultural and creative businesses makes it easier for businesses and associations in the sector to obtain bank credit. It covers part of the risk taken by the bank, so it is not a direct grant. IFCIC generally announces a guarantee of 50%, which may be raised to 70% for certain loans and within specific outstanding limits. The application is put together with the lending institution.
Funded by Institut pour le Financement du Cinéma et des Industries Culturelles (IFCIC), Ministère de la Culture
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Who can apply
Cultural and creative businesses and associations in the following sectors: film and audiovisual; video games; live performance; music; fashion; press; bookshops; literary publishing; art galleries; design; artistic crafts; theatre; museums; heritage; visual and digital arts, etc.
Eligibility conditions
Businesses and associations active in the cultural and creative sectors covered by IFCIC. The bank must present an eligible loan and meet its information obligations. The higher 70% rate depends on the size and type of loan and does not apply automatically.
What the scheme covers
A guarantee on all types of bank loans, for the whole term of the loan.
Amount and funding terms
IFCIC indicates a guarantee of 50%, which may be raised to 70% for certain loans of up to €300,000 (and certain takeover loans of up to €1.5 million), within the defined outstanding limit. The guarantee fee is between 0.5% and 0.7% a year. Check the current general conditions.
How to apply
1. Identify the financing need and check that the project matches the purpose of the scheme. 2. Contact the operator or the partner bank to confirm eligibility and the current status. 3. Obtain the official page, rules and list of supporting documents. 4. Prepare the financing plan and the business documents. 5. Do not commit expenditure or sign a contract before confirming the applicable rules.
Timeline
The IFCIC page does not set a single annual deadline; the application is linked to the loan and the bank financing. Contact IFCIC and the bank before the loan is set up, on the basis of the general conditions in force.
Key facts
- Funder
- Institut pour le Financement du Cinéma et des Industries Culturelles (IFCIC), Ministère de la Culture
- Type of funding
- Guarantee
- Status
- Ongoing
- Maximum amount
- €1,500,000
- Automatically extracted — check the official source
- Funding rate
- 70%
- Automatically extracted — check the official source
- Geographic scope
- All of France
Frequently asked questions
Is this guarantee a grant?
No. It covers part of the bank’s risk to make it easier for a cultural business or association to obtain a loan.
What guarantee rate does IFCIC announce?
The general rate announced is 50%, which may be raised to 70% for certain loans and within the applicable outstanding limits.
Which sectors can benefit?
The cultural and creative sectors defined by IFCIC, notably film/audiovisual, video games, music, live performance, press, publishing, heritage, design and artistic crafts.
Who must be involved in the application?
The lending institution and IFCIC; the contractual conditions and the fee should be confirmed before the loan is set up.
Official source
No official URL is available in our data for this grant.
Other grants of type “guarantee”
Other grants from Institut pour le Financement du Cinéma et des Industries Culturelles (IFCIC), Ministère de la Culture
Related needs and funding
Competitive calls for projects
Ecological transition and CSR
Capital and investment funds
Support and acceleration
Diagnostics and audits
Takeover and transfer
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