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Pre-financing of European and State grants in the French Overseas Territories (PESG)
PESG is available to public and private actors in the French overseas territories. It provides an advance for the cash flow required to pay the companies employed to carry out the investments and, where necessary, complements a loan.
Objective
Meet the short-term cash flow requirements of public and private actors for investment projects that will benefit from grants after their completion.
Am I eligible?
You are leading an investment project that will benefit from grants from the EU, the State and other French public bodies after its completion. You are seeking financing for investment and/or equipment expenditure.
You represent:
- A local authority and its group (EPCI)
- A Chamber of Commerce
- A social or medical-social institution subject to a license issued by the competent public authorities (public, private for-profit and non-profit institutions)
- A local public enterprise
- A local or national public institution or a healthcare institution
- A non-profit association or non-profit foundation
- A majority or 100% private company (only combined with a long-term loan)
- A public interest group (GIP)
To find out about our solutions tailored to your needs
Benefits
- Up to 100% of the grant pre-financed, irrespective of the amount
- Maturity of 3 to 5 years
- Mobilization of the funds possible when the works begin and after the approval of the organization that will subsidize the project
Type: Public sector loan and loan on market terms for companies
Loan-to-value ratio: Up to 100% of the grant
Maturity: 3 to 5 years
Grace period: 0 to 5 years
Interest rate: Euribor 6 months (and possibly 3 to 12 months)
Disbursements: One or several disbursements
Currency: EUR
Maturities: Quarterly, semi-annually or annually
Mobilization of the funds: After the approval of the organization that will subsidize the project and before the completion of the works
