Prêt d’honneur Initiative Armor
The Initiative Armor honour loan is interest-free financing generally granted to the person leading the project, not a grant paid to the company. It is used to consolidate the personal contribution, give credibility to the financing plan and make discussions with banks easier. The project owner is supported in preparing the application and then presents the project to the approval committee, which decides on the award and the amount. The scheme is intended for starting or taking over a business within the Initiative Armor area.
Are you preparing a business start-up or takeover? The Initiative Armor honour loan (prêt d’honneur) can strengthen the owner’s personal contribution and make it easier to put bank financing in place. The application is prepared with the local platform, which examines the project’s viability and financing needs.
Funded by Bpifrance, Département 22 - Côtes d'Armor, Financeurs privés, Union Européenne-FSE
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Who can apply
The target group is business creators and buyers within the area covered by Initiative Armor. Depending on the local scheme, certain development projects may also be considered. The catalogue lists the following exclusions where specified: financial intermediation and property services.
Eligibility conditions
To prepare the application, build a complete financing plan: investments, working capital requirements, personal contribution, other aid and the planned bank loan. The platform reviews the business plan, financing plan, equity needs and the owner’s ability to run the project. The approval committee stage and any bank loan conditions must be confirmed for the pathway concerned. The exact criteria and exclusions are those of the local rules in force, not a uniform rule across the whole network.
What the scheme covers
The financing can help consolidate the financing plan of a start-up or takeover project. Present the planned costs, start-up cash needs, expected revenue and the amount of bank financing sought. The honour loan should not be treated as a grant: it is repayable and its use must match the project reviewed by Initiative Armor.
Amount and funding terms
The catalogue generally indicates €5,000 to €30,000, repayable over 3 to 5 years. The loan is personal, interest-free and with no personal guarantee according to the network’s presentation; the final amount depends on the project, its equity needs and the approval committee’s decision.
How to apply
1. Contact Initiative Armor before finalising your financing plan. 2. Prepare a business plan, cash-flow forecast, financing plan, details of investments and your contribution. 3. Ask for the local criteria, excluded sectors, bank loan requirement and supporting documents. 4. Submit the application according to the platform’s procedure and, if it is admissible, prepare for the approval committee. 5. Before any commitment, obtain written confirmation of the amount, repayment schedule and disbursement conditions.
Timeline
The application timetable and review times depend on the Initiative Armor platform and the date of the approval committee meeting. No opening date or fixed timescale is given in the catalogue: contact the platform before scheduling a signature, a purchase or the start of spending.
Key facts
- Funder
- Bpifrance, Département 22 - Côtes d'Armor, Financeurs privés, Union Européenne-FSE
- Type of funding
- Repayable advance
- Status
- Ongoing
- Maximum amount
- €30,000
- Automatically extracted — check the official source
- Minimum amount
- €5,000
- Automatically extracted — check the official source
- Geographic scope
- Bretagne
Frequently asked questions
Is the Initiative Armor honour loan a grant?
No. It is a repayable loan, generally granted to the person leading the project. It strengthens the personal contribution and can make it easier to obtain bank financing.
How can I find out how much my project could receive?
Present your equity needs, personal contribution and financing plan to Initiative Armor. The range listed in the catalogue is indicative; the final amount depends on the review of the application and the platform’s rules.
What should I prepare before the first meeting?
A project summary, the business plan or its current state, a financing plan, a cash-flow forecast, details of investments, your contribution and the planned bank financing.
Official source
No official URL is available in our data for this grant.
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