Hi I'm Mathilde, a french lawyer passionate about entrepreneurship and expatriation. I support expatriates in setting up and growing their business in France.
here is another edition of my blog "start and grow your business in France"
Do you have an entrepreneurial project in France, but your personal and
financial situation does not allow you to apply for credit from a bank to start your business? Professional microcredit may be the solution you need to finance your project!
1. What is professional microcredit?
The Banque de France defines microcredit as “a financing solution which concerns people who cannot obtain a traditional bank loan due to low income and/or a situation of social insecurity”. More specifically, professional microcredit consists of granting small amount loans to business creators or buyers who cannot access traditional bank loans.
2. Who can benefit from professional microcredit?
Professional microcredit is aimed at people who want to create or take over a business, whatever the sector of activity or status, provided that they do not have access to traditional bank financing and that their activity is carried out in France. All entrepreneurs can potentially benefit from it.
Microcredit replaces a traditional bank loan. It can also be compared to a personal contribution with a view to making the necessary investments to start your business and to have cash flow.
3. What are the financial conditions of professional microcredit and its repayment terms?
Professional microcredit cannot exceed €12,000. This is a paid loan. The microcredit is repayable over a maximum of five years.
Microcredit is not automatically granted. A professional will study your entrepreneurial project and will ensure your ability to repay the loan.
In parallel with the granting of a microcredit, you benefit from social support until the end of repayment.
4. how to apply for Professional microcredit ?
Many banking, public and associative players are involved in granting professional microcredit. They typically work in partnerships with local authorities.
If you're looking to fund your business, consider consulting me, I can help you prepare your application and find out about the organizations that grant professional microcredit near you! Feel free to drop me an email at contact@mathildeletessieravocate.com
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Hey! I'm Mathilde, a lawyer passionate about entrepreneurship and expatriation. I support expatriates in setting up and growing their business in France. Do you have any questions or concerns regarding your business? I'm here to guide you!
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