Paragraph 3: Guarantees for loans to sole traders

On the occasion of any financial assistance that it intends to grant to a sole trader for the purposes of his business, a credit institution or finance company intending to request a security interest in an asset not required for the business or a personal surety granted by a natural person must inform the entrepreneur in writing of the possibility of proposing a guarantee over the assets required for the…

Companies selected to contribute to the creation of activities or the development of jobs within the framework of an agreement signed with the State in application of articles L. 1233-84 to L. 1233-89 of the Labour Code as well as companies approved by the Minister for the Economy are authorised to grant partial guarantees to credit institutions or finance companies granting loans for business development projects located in employment areas…