Section 5: Participation in guarantee companies (R)

The maximum proportion of capital that may be held by local and regional authorities in the credit institutions or finance companies mentioned in the first paragraph of Articles L. 2253-7, L. 3231-7 and L. 4253-3 is set at 50%.

The granting of guarantees by the credit institutions or finance companies mentioned in article R. 1511-36 is accompanied by a fee calculated on the basis of the risk insured.

The percentage of each financial facility guaranteed by the credit institution or finance company either from its own funds or from those of the guarantee funds set up with it may not exceed 50%. The guarantee of the credit institution or finance company combined with that of the local authorities may not exceed 50% of the total amount of each financial assistance, except for the transactions referred to in articles…

Where the guarantee granted by the credit institution or finance company is covered by a guarantee fund whose purpose is business creation, the maximum percentages provided for in article R. 1511-38 are increased to 65%.