Société Générale: to offer state-guaranteed loans
(CercleFinance.com) - Societe Generale announces that it will offer its clients (professionals and businesses) that have been affected by the coronavirus crisis, in association with the State and Bpifrance, a loan guaranteed by the State.
This loan, granted at cost price and guaranteed up to 90%by the State, will support cash flows that have been hit by the crisis. Representing a maximum of up to three months of revenues excluding tax, it will be accompanied a one-year grace period. At the end of this year, the client can either repay the loan or amortise it over one to five additional years, Société Générale said.
Clients eligible for this loan may contact their Société Générale account manager until the end of the year.
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