These loans, granted at cost price and with a up to 90% guaranteed by the French State, will help support the company cash-flows that have been weakened by the crisis. The one year loans can represent up to three months of turnover excluding tax. At the end of the first year, the client can either repay the loan or amortize it over one to five additional years.
Clients eligible for this scheme and willing to strengthen their treasuries which have been put under pressure by the crisis, will be able to contact their usual Societe Generale representative until the end of the year.
“We are fully engaged to support the economy, in particular through this scheme which aims at strengthening the cash flow of companies weakened by the health crisis. This facility was made possible thanks to a strong cooperation with the French government and it will allow our bankers to provide even better support to their clients during this difficult period "explains Marie-Christine Ducholet, Head of Societe Generale Retail Banking in France.
Florence Amphoux +33 (0)1 42 14 70 33 email@example.com