Infogreffe - Glossary
jeu., 05 sept. 2013 13:10:00 +0000
Chartered accountants involved to help fund very small companies
The order of chartered accountants has developed a credit for very small companies (TPE). Named "Funding very small companies up to 25,000", the objective is to assist companies with fewer than 20 employees to fund their rolling cash flow requirements.
Business leaders are invited to send their credit application (4 pages) as soon as possible and the deadline for response should be within 15 days. The credit in itself is offered with an annual interest rate of circa 5%. Repayment may be scheduled over 3 to 7 years.
To reinforce the credibility of the application and reassure banks, chartered accountants themselves will approve the working hypotheses used for application (forecasted turnover; profit margins; fixed costs; net results).
To benefit from this mechanism, please contact your chartered accountant.
Download the guide: "Template funding applications for TPE/PME/ETI"