prêt d'honneur — Auvergne Transmission
The catalogue indicates an honour loan of up to €50,000, repayable over five years with no deferral, for companies with at least five employees located in the Allier, Cantal, Haute-Loire or Puy-de-Dôme. The financing is personal and death and disability insurance is mentioned as mandatory. Check availability and criteria with the relevant Initiative network association.
A business takeover may require a larger personal contribution to convince banks and preserve the acquired company’s repayment capacity. The Auvergne Transmission honour loan is listed as personal financing granted to the managing partner or the acquisition holding company. It targets certain takeover projects requiring substantial financing in the four Auvergne departments concerned.
Funded by Bpifrance, CCI région ex-Auvergne, Financeurs privés, Région Auvergne-Rhône-Alpes, Union Européenne-FEDER/JEREMIE
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Who can apply
The scheme targets takeovers of companies with at least five employees, in any sector subject to regulatory exclusions, located in the Allier, Cantal, Haute-Loire or Puy-de-Dôme. The loan may be granted to the managing partner of the acquired company or of the acquisition holding company. Check the geographical scope and the applicable headcount criteria.
Eligibility conditions
The loan is personal and must be part of a coherent takeover financing package. The application must specify the price, the buyer’s contribution, bank loans and repayment capacity. Death and disability insurance is indicated as mandatory in the catalogue; subscription conditions and exclusions must be confirmed.
What the scheme covers
The financing concerns business takeover projects where a larger personal contribution helps complete the financing plan. It aims in particular to improve the feasibility, durability and development prospects of the acquired business. Costs are not treated as an earmarked grant: the personal loan strengthens the resources of the financing package.
Amount and funding terms
Catalogue amount: up to €50,000, over five years with no repayment deferral. The loan is granted personally to the buyer. The catalogue mentions mandatory specific death and disability insurance. Confirm the cap, any fees, the insurance and current conditions with the operator.
How to apply
Contact the Initiative association in the target company’s department. Prepare the takeover file, accounts, financing plan, personal contribution, forecasts and information on jobs. Have eligibility, the possible amount, the insurance and the steps for presenting to the committee confirmed.
Timeline
The catalogue does not confirm that the scheme is currently open. Contact the local Initiative network for committee sessions and current application conditions.
Key facts
- Funder
- Bpifrance, CCI région ex-Auvergne, Financeurs privés, Région Auvergne-Rhône-Alpes, Union Européenne-FEDER/JEREMIE
- Type of funding
- Honour loan
- Status
- Ongoing
- Maximum amount
- €50,000
- Automatically extracted — check the official source
- Geographic scope
- Auvergne-Rhône-Alpes
Frequently asked questions
Who is this aid for?
The scheme targets takeovers of companies with at least five employees, in any sector subject to regulatory exclusions, located in the Allier, Cantal, Haute-Loire or Puy-de-Dôme. The loan may be granted to the managing partner of the acquired company or of the acquisition holding company. Check the geographical scope and the applicable headcount criteria.
What amount or rate can be obtained?
Catalogue amount: up to €50,000, over five years with no repayment deferral. The loan is granted personally to the buyer. The catalogue mentions mandatory specific death and disability insurance. Confirm the cap, any fees, the insurance and current conditions with the operator.
Which conditions should I check?
The loan is personal and must be part of a coherent takeover financing package. The application must specify the price, the buyer’s contribution, bank loans and repayment capacity. Death and disability insurance is indicated as mandatory in the catalogue; subscription conditions and exclusions must be confirmed.
Which costs or operations are covered?
The financing concerns business takeover projects where a larger personal contribution helps complete the financing plan. It aims in particular to improve the feasibility, durability and development prospects of the acquired business. Costs are not treated as an earmarked grant: the personal loan strengthens the resources of the financing package.
Official source
No official URL is available in our data for this grant.
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