Section 3: Repayable advance

When the repayable advance relates to projects presented by more than ten applicants or giving rise to an application for a repayable advance for an amount exceeding a threshold set by joint order of the ministers responsible for employment, the economy and the budget, the decision to grant the advance and its management may be entrusted, in the form of a management mandate, to bodies whose list is set by…

In the cases provided for in articles R. 5141-22 and R. 5141-23, the application for a repayable advance is sent to the authorised body, which issues the applicant with a certificate of deposit and decides on the application within two months of the date of deposit. It notifies the applicant of its decision and simultaneously informs the Prefect and URSSAF. If no reply is received within two months, the application…

Only organisations whose sole purpose is to participate, through the payment of financial aid, in the creation or takeover of a business and those defined by articles L. 511-1 et seq. of the French Monetary and Financial Code may be authorised. These organisations are audited by a statutory auditor, as defined by articles L. 822-1 et seq. of the French Commercial Code. In order to be accredited, organisations must demonstrate…

The Prefect or the Minister responsible for employment may carry out any documentary or on-site checks on the use of funds managed by a body authorised by the State.

The accredited body will send the Prefect or the Minister for Employment a half-yearly activity report including, in particular, the list of projects assisted, the conditions under which they were carried out, the amount of financial aid granted and the amount and nature of additional funding mobilised. The accredited body also sends the Prefect an annual evaluation report covering, in particular, the consolidation and development of the projects assisted.