prêt d'honneur PIE (Paris Initiative Entreprise)
For the “Prêt d’honneur PIE (Paris Initiative Entreprise)”, the catalogue lists: Commercial premises access — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation feasibility — an interest-free loan of up to €5,000 per partner; First acceleration — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation seed — an interest-free loan of up to €30,000; Innovation growth — an interest-free loan of up to €50,000. Where needed, PIE also mobilises the France Active Guarantee, which limits the personal sureties required by banks when granting a bank loan. Cap: €45,000, with 65% of the loan guaranteed. The beneficiaries listed are: Commercial premises access — start-up or takeover project owners; Innovation feasibility — digital-sector companies less than 3 years old; First acceleration — companies less than 3 years old; Innovation seed — digital-sector companies less than 3 years old; Innovation growth — companies less than 6 years old. Use this information to prepare an initial discussion with the managing body, then have the conditions applicable on the application date confirmed.
The PIE (Paris Initiative Entreprise) prêt d’honneur (interest-free personal loan) can complement the financing of a business start-up or takeover, according to the managing body’s criteria. To check whether it is relevant, start by identifying the need to be financed, the area concerned and the project’s stage of progress. The exact terms and current availability must be confirmed before building the financing plan.
Funded by Bpifrance, État, Financeurs privés, Région Ile-de-France, Union Européenne-FSE, Ville de Paris
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Who can apply
Beneficiaries mentioned in the catalogue: Commercial premises access — start-up or takeover project owners; Innovation feasibility — digital-sector companies less than 3 years old; First acceleration — companies less than 3 years old; Innovation seed — digital-sector companies less than 3 years old; Innovation growth — companies less than 6 years old. The exact scope, exclusions and up-to-date criteria must be confirmed with the managing body.
Eligibility conditions
Conditions listed in the catalogue: the prêt d’honneur must be accompanied by a bank loan of at least the same amount. Ask for confirmation of the area covered, the criteria relating to the company’s situation, sector exclusions, combination rules and required co-financing. Also check whether the application must be made before the project starts or costs are committed.
What the scheme covers
Strands of the prêt d’honneur: Commercial premises access — enabling access to commercial premises or the takeover of a business (fonds de commerce). This loan can be combined with the France Active guarantee, which reduces personal sureties on the bank loan. It also makes it possible to request mentoring by one of PIE’s mentors. Innovation feasibility — meeting the specific needs of digital projects and making other financing easier to obtain: facilitating medium-term bank lending; topping up equity ahead of a Bpifrance grant application (PIA, Innov’Up); leveraging other financing (love money, Bpifrance, business angels, investment funds); financing working capital requirements when the solution is first marketed. First acceleration — covering cash needs and costs not covered by a bank loan during commercial acceleration after first revenue. This loan can be combined with the France Active guarantee, which reduces personal sureties on the bank loan. It also makes it possible to request mentoring by one of PIE’s mentors. Innovation seed — meeting the specific needs of digital projects and making other financing easier to obtain: facilitating medium-term bank lending; acting as a bridging loan before fundraising from business angels and/or investment funds; financing working capital requirements as turnover grows. Innovation growth — meeting the specific growth needs of digital projects less than 6 years old: facilitating medium-term bank lending; complementing fundraising from business angels and/or investment funds. To ease the review, present the budget item by item, the timetable and the link with the project’s objectives. Attach the available quotes and supporting documents, and check how costs incurred before applying are treated.
Amount and funding terms
Commercial premises access — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation feasibility — an interest-free loan of up to €5,000 per partner; First acceleration — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation seed — an interest-free loan of up to €30,000; Innovation growth — an interest-free loan of up to €50,000. Where needed, PIE also mobilises the France Active Guarantee, which limits the personal sureties required by banks when granting a bank loan. Cap: €45,000, with 65% of the loan guaranteed.
How to apply
1. Contact the managing body about the PIE (Paris Initiative Entreprise) prêt d’honneur and describe your project. 2. Confirm the beneficiaries, eligible costs, caps, combination rules and current timetable. 3. Prepare an application with a project presentation, detailed budget, financing plan, cash-flow forecasts, quotes and the administrative documents requested. 4. Submit the application following the official procedure and keep the acknowledgement of receipt. 5. Wait for the written decision before treating the financing as secured.
Timeline
The opening timetable and deadlines are not confirmed by the information available. Ask the managing body for the up-to-date dates, the review time and any rules on applying beforehand.
Key facts
- Funder
- Bpifrance, État, Financeurs privés, Région Ile-de-France, Union Européenne-FSE, Ville de Paris
- Type of funding
- Honour loan
- Status
- Ongoing
- Maximum amount
- €50,000
- Automatically extracted — check the official source
- Geographic scope
- Île-de-France
Frequently asked questions
Who can benefit from the scheme?
The catalogue states: Commercial premises access — start-up or takeover project owners; Innovation feasibility — digital-sector companies less than 3 years old; First acceleration — companies less than 3 years old; Innovation seed — digital-sector companies less than 3 years old; Innovation growth — companies less than 6 years old. The managing body must confirm the current criteria and exclusions.
How much can be obtained?
The information listed is: Commercial premises access — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation feasibility — an interest-free loan of up to €5,000 per partner; First acceleration — an interest-free loan (to the individual, with no interest or personal surety) of up to €30,000 for a start-up, with a repayment deferral of 3 to 6 months; Innovation seed — an interest-free loan of up to €30,000; Innovation growth — an interest-free loan of up to €50,000. Where needed, PIE also mobilises the France Active Guarantee, which limits the personal sureties required by banks when granting a bank loan. Cap: €45,000, with 65% of the loan guaranteed. The applicable amount depends on the current rules and the review of the application.
Which documents need to be prepared?
Prepare a project presentation, a detailed budget, a financing plan, cash-flow forecasts, quotes and the administrative documents requested.
Can I incur costs before applying?
Check this point with the managing body before starting: some schemes require an application beforehand or exclude costs already incurred.
Official source
No official URL is available in our data for this grant.
Other grants of type “honour loan”
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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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