Two years, already.Two years that the Pandemic of COVID-19 has caused an unprecedented situation, with a general confinement resulting in the end of the economy.In response, the French state quickly set up an arsenal of measures echoing the "whatever it costs" decided by the President of the Republic.With the cornerstone for the loans guaranteed by the State (PGE), established in April 2020.
Result: more than 700,000 loans issued to companies by the banking sector, for a total amount of around 145 billion euros - granted for three quarters between March and June 2020.Initially designed to be reimbursed within one year, these were quickly recalibrated in response to the economic uncertainty that persisted ... and the prospect of reimbursement defects which.“Two measures have changed the original system: loans amortization, authorized for a maximum duration of 5 years, until 2026, as well as, since January 19, 2022, the addition of restructuring within the frameworkCredit mediation to start reimbursements until the spring of 2022, for the first loans subscribed, ”recalls Jean-Charles Boucher, partner of the audit and advice firm RSM.
Obviously, this deadline of April 2022 is not a cleaver for all the companies that have requested a PGE: 11% of them have already reimbursed this loan in last year, according to data from the Treasury.On the other hand, for the others, a question arises: how to compose with this reimbursement at a time when the dark clouds continue to make the economic recovery long awaited?
PGE “REMOFILING”
In anticipation, the state intervened again at the start of the year.Aware of the persistence of the problem (and subject to strong lobbying coming from the federations of craftsmen, traders and professionals [...]]
