Sub-paragraph 2: Equity loans granted by the State.

The granting of equity loans by the State is subject to precise and dated industrial, commercial and financial commitments by the borrower. If the content or timetable of the undertakings are not complied with, repayment of the loan becomes due, except in the case provided for in article L. 313-16.

The fixed interest on the equity loan is increased, under the conditions set out in the contract, by a profit-sharing clause, in particular with regard to the borrower’s net profit. This participation is an expense for the financial year. The overall effective rate of interest paid by the borrower to the State may not be less than the average rate of interest paid on the current accounts of the borrower…

The amount of each equity loan granted by the State is made public each year.