Subsection 2: Business-to-business loans

I. – The loans referred to in 3a of article L. 511-6 may be granted when the lending company or a member of its group, on the one hand, and the borrowing company or a member of its group, on the other hand, are economically linked in one or other of the following ways: 1° The two companies are members of the same economic interest grouping as referred to in…

A company may only grant a loan as referred to in 3a of article L. 511-6 if the following four conditions are met: 1° On the closing date of each of the two financial years preceding the date on which the loan is granted, the lending company’s equity exceeds the amount of the share capital and the gross operating surplus is positive; 2° The net cash position, defined as the…

The statutory auditor shall be notified annually of the outstanding loan agreements granted pursuant to 3 bis of article L. 511-6. In a statement attached to the management report, the statutory auditor shall certify, for each contract, the initial amount and outstanding capital of these loan contracts and compliance with the provisions governing them.