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State-guaranteed loans: companies weakened by the repayment of debts contracted during Covid
State-guaranteed loans: companies weakened by the repayment of debts contracted during Covid
(France 2)
Some companies which took out state-guaranteed loans during Covid are now struggling to repay them, in a context of inflation. Nearly 3% of them may never be able to pay off their debts.
In Colombes (Hauts-de-Seine), Filipe Alves manages Inter 2000 and Autocars Philippe, two coach companies. He took out a state-guaranteed loan (PGE) during Covid. The manager must repay 5,500 euros each month, in addition to his charges, which have increased with inflation. France Télévisions met Filipe Alves in 2021. At the time, his 27 coaches were stationary. In the spring of 2023, with death in his soul, he had to sell six buses to pay off his debts.
A spread of reimbursements until December 31, 2026
Catering is another sector weakened by the reimbursement of EMPs. At the head of the Parisian brasserie Café Père & Fils, Alexandre Bernard borrowed 150,000 euros during Covid. To repay his debts, he had to scale back his ambitions by hiring less and not paying bonuses for Christmas. At the beginning of January 2024, the government authorized the spread of reimbursements until December 31, 2026. This is insufficient, according to representatives of the sector. Nearly 3% of companies may never succeed in repaying their PGE.
Among our sources
Ministry of the Economy, Finance and Industrial and Digital Sovereignty
Non-exhaustive list.
