Initiative Centre Manche – prêt d’honneur (interest-free personal loan)
The Initiative Centre Manche prêt d’honneur is a repayable loan, generally at zero interest and with no personal guarantee. It is granted to the person leading the project, not directly to the company, and can strengthen the contribution included in the financing plan. The local platform helps put the application together and may present it to an approval committee. The scheme is for starting or taking over a company in the area covered by Initiative Centre Manche. The amount, criteria and any bank financing requirement depend on the current local rules.
Are you preparing to start or take over a business in the area covered by Initiative Centre Manche? The prêt d’honneur can strengthen your personal contribution and make it easier to obtain a bank loan. The key is to present a viable project, a costed financing need and a realistic cash-flow plan.
Funded by Bpifrance, Département 50 - Manche, Financeurs privés
Run a personalised scan to identify the public grants and funding your company may be able to access.
Who can apply
The scheme is for founders and buyers whose project falls within the area covered by Initiative Centre Manche. The catalogue lists the following sector exclusions: financial intermediation and property services. Have the exact scope of these exclusions and any exceptions confirmed by the platform before applying.
Eligibility conditions
The prêt d’honneur is generally granted to the person leading the project, at zero interest and with no personal guarantee under the network’s framework; it strengthens the founder’s contribution and equity, but remains repayable. The platform assesses the consistency of the business plan, the financing plan, the equity need and repayment capacity. Confirm the geographical area, the excluded activities and the procedure for presenting to the approval committee. Local rules take precedence: do not treat a national condition or a catalogue range as automatic confirmation of eligibility.
What the scheme covers
The loan can contribute to the overall financing of a start-up or takeover project: initial investment, equipment, works, launch costs and working capital, depending on the financing plan. It is not a grant, and eligible costs should not be assumed without confirmation. Present a detailed budget, the resources already secured and the amount of bank credit sought.
Amount and funding terms
The information listed in the catalogue is indicative and must be confirmed by the local platform. The catalogue does not provide a sufficiently reliable local range. Ask the platform for the minimum and maximum amount, the repayment period, any deferral and the combination rules applicable to your project.
How to apply
1. Contact Initiative Centre Manche before finalising your financing. 2. Prepare a business plan, a cash-flow forecast, a financing plan and details of investments. 3. Present your contribution, the loans and aid already applied for and the bank amount sought. 4. Ask for the local criteria, excluded sectors, list of documents and committee dates. 5. After review, check in writing the amount granted, the repayment schedule and the disbursement conditions.
Timeline
No opening date or fixed timeline is confirmed in the catalogue data for Initiative Centre Manche. Meetings, review and the committee stage depend on the local platform. Contact it before incurring costs or signing a takeover.
Key facts
- Funder
- Bpifrance, Département 50 - Manche, Financeurs privés
- 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
- Normandie
Frequently asked questions
Is the Initiative Centre Manche prêt d’honneur a grant?
No. It is a repayable loan generally granted to the person leading the project. It can strengthen the personal contribution and help in negotiating a bank loan.
Is the amount shown in the catalogue guaranteed?
No. It is an indication to be confirmed. The amount depends on the project, the equity need, the financing plan and the rules applied by the local platform.
Which documents should I prepare?
A business plan, a financing plan, a cash-flow forecast, details of investments, proof of your contribution and information on the planned bank financing.
Official source
No official URL is available in our data for this grant.
Other grants of type “repayable advance”
ADIE Capital Contribution Loan: a zero-rate advance to strengthen the founder’s contribution
ADIE
Up to €3,000
Development aid for industrial SMEs and services to industry
Métropole Européenne de Lille - MEL
Financing a large company’s development strategy in the Métropole Européenne de Lille with the “Development aid for large companies” scheme
Métropole Européenne de Lille - MEL
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
Discover the funding that fits your company
Check your eligibility for public grants
This scheme is only one of the grants your company may be able to access. Run a personalised scan to identify the funding opportunities that match your activity, location and project.
See the opportunities identified by the scan, then access your personalised report.