Launch of an Overseas Development Loan

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The new Overseas Development Loan for overseas companies has been distributed since last Thursday by the Bpifrance network in Overseas. Saint-Martin businesses can benefit from this system, which finances intangible investments - prospecting, training, etc. - and also their need for working capital. “Repayable over 5 years, with one year of deferred repayment, this loan ranging from 10.000 euros to 300.000 euros will be offered at a subsidized rate. It does not call for any guarantee on the assets of the company or on the patrimony of the manager ”, indicates the Ministry of Overseas France by way of the press, which launched this loan with the Ministry of Economy and Finance and the public bank Bpifrance. _EH

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