Introduced in April 2022 for companies impacted by the economic repercussions of the war in Ukraine, the state-guaranteed "Resilience" loan, or PGE Resilience, is due to expire on December 31, 2022. However, a provision in the Finance Act for 2023 proposes to extend the scheme until December 31, 2023.
War in Ukraine: PGE Resilience to the rescue of companies
While the EMP for companies weakened by the Covid-19 health crisis came to an end on June 30, 2022, a new scheme was launched on April 8: the EMP Resilience.
This state-guaranteed loan is reserved for companies directly or indirectly affected by the economic consequences of the war in Ukraine. It can, for example, support the cash flow of companies exporting goods to Ukraine, Russia and Belarus, as well as helping all those affected by rising raw material and energy prices.
The amount of the PGE Résilience can be up to 15% of average annual sales over the 3 years preceding the application, and can be combined with the PGE obtained in the context of the health crisis.
This scheme, which was due to expire on December 31, 2022, could be extended to December 31, 2023, as proposed in a provision of the Finance Act for 2023, currently being debated in Parliament.
How to obtain a PGE Resilience?
All companies whose cash flow has been weakened by the consequences of the war in Ukraine can apply for PGE Resilience. There are no size, business sector or legal form criteria to qualify for this scheme.
Companies with a classic PGE in repayment are also eligible for a PGE Résilience. If they have already obtained a PGE Résilience without the amount loaned reaching the ceiling of 15% of their average annual sales over the last 3 financial years, they can make a new application within the limit of this ceiling.
To obtain a PGE Résilience loan, companies must contact their bank, which is the only one authorized to give them a pre-approval after examining their financial situation. Companies must then request a PGE Résilience certificate on the Bpifrance platform, which they will forward to their bank in order to release the loan.
PGE Résilience monthly repayments start after one year, and are spread over a maximum of 6 years.