prêt d'honneur (BRIT) — Bretagne Reprise Initiative Transmission
The catalogue entry indicates a BRIT loan of €1,500 to €20,000, with no interest or security, alongside a local prêt d’honneur for a total of €3,000 to €25,000. It mentions a minimum personal contribution of €6,000, job retention unless economically justified, and significant bank leverage. Confirm the current amounts and rules with Initiative Bretagne.
Taking over a micro-business or SME requires a personal contribution, bank financing and enough cash to keep the business running after the transfer. Bretagne Reprise Initiative Transmission (BRIT) is described as a prêt d’honneur (interest-free personal loan) that complements the loan granted by an Initiative France platform. Its aim is to strengthen the buyer’s contribution and support the bank financing.
Funded by Bpifrance, Région Bretagne
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Who can apply
The entry targets buyers of a micro-business or SME based in Brittany. Eligibility depends on the nature of the transaction, the buyer’s profile and support from an Initiative France platform. Confirm the territorial conditions, excluded sectors and size criteria for the target company.
Eligibility conditions
The entry mentions a minimum personal contribution of €6,000, mandatory pairing with a prêt d’honneur from an Initiative France platform, a combined cap on personal loans equal to the buyer’s contribution, and significant bank leverage. Job retention is expected, unless the project’s viability justifies a prior adjustment. Have these conditions confirmed when applying.
What the scheme covers
The loan targets the takeover and transfer of micro-businesses and SMEs based in Brittany. It strengthens the buyer’s personal resources and can help secure the financing plan, but it does not replace the bank loan needed for the transaction. The costs and precise structure must be validated by the Initiative platform.
Amount and funding terms
Catalogue parameters: a BRIT loan of €1,500 to €20,000, with no interest or security. It complements a prêt d’honneur from an Initiative France platform for a stated total of €3,000 to €25,000. The caps and terms may change; ask Initiative Bretagne and the local platform for written confirmation.
How to apply
Contact the Initiative platform in the area where the company to be acquired is located. Prepare the takeover file, the target’s accounts, the price, your personal contribution, the bank financing plan and the prospects for keeping or creating jobs. Ask for a joint review of the BRIT loan and the local prêt d’honneur.
Timeline
The timetable depends on the local platform and its review committee. Check that BRIT is open and the current conditions with Initiative Bretagne before including the loan in the financing.
Key facts
- Funder
- Bpifrance, Région Bretagne
- Type of funding
- Honour loan
- Status
- Ongoing
- Maximum amount
- €20,000
- Automatically extracted — check the official source
- Minimum amount
- €1,500
- Automatically extracted — check the official source
- Geographic scope
- Not specified
Frequently asked questions
Who is this scheme for?
The entry targets buyers of a micro-business or SME based in Brittany. Eligibility depends on the nature of the transaction, the buyer’s profile and support from an Initiative France platform. Confirm the territorial conditions, excluded sectors and size criteria for the target company.
What amount or rate can be obtained?
Catalogue parameters: a BRIT loan of €1,500 to €20,000, with no interest or security. It complements a prêt d’honneur from an Initiative France platform for a stated total of €3,000 to €25,000. The caps and terms may change; ask Initiative Bretagne and the local platform for written confirmation.
Which conditions should I check?
The entry mentions a minimum personal contribution of €6,000, mandatory pairing with a prêt d’honneur from an Initiative France platform, a combined cap on personal loans equal to the buyer’s contribution, and significant bank leverage. Job retention is expected, unless the project’s viability justifies a prior adjustment. Have these conditions confirmed when applying.
Which costs or operations are covered?
The loan targets the takeover and transfer of micro-businesses and SMEs based in Brittany. It strengthens the buyer’s personal resources and can help secure the financing plan, but it does not replace the bank loan needed for the transaction. The costs and precise structure must be validated by the Initiative platform.
Official source
No official URL is available in our data for this grant.
Other grants of type “honour loan”
Prêt d’honneur Solidaire: completing the financing of a start-up or takeover
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PHAR Bretagne: funding the seed stage of an innovative business
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Up to €90,000
Montfort Communauté growth loan: local conditions to obtain
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Up to €30,000
Other grants from Bpifrance, Région Bretagne
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