Credit mediation for businesses during the Covid crisis
(WorldNews France)

Post n°175 Credit mediation for businesses during the Covid crisis Published on 07/31/2020 Share links Send by email Alert by email Share Facebook Twitter LinkedIn By Raymond de Pastor The health crisis has left a significant number of businesses in urgent need of cash. In response, public authorities have put in place various support mechanisms, including a scheme to provide State-Guaranteed Loans (SGLs). The credit mediation system is currently helping businesses that have received an initial refusal from a bank in response to their SGL request. Chart 1: Number of requests for credit mediation from businesses (monthly average)Source: Banque de France, Credit Mediation Scheme for Businesses...