The Réunion region, In collaboration with the European Investment Fund (FEI), last December launched the program to meet credit access to credit for businesses and professionals. The BFC is the first of the three banks selected to relay this program and implement it with its I-Run by BFC product.
Ludovic Cailly, Managing Director of BFC, and Pierre-Arnaud Poitard, Particular and professionals sales manager, have exposed the characteristics of this access to credit facilitated for independent professionals and very small businesses.
The Reunion system aims to complete market financing offers for very small businesses and SMEs. Managed by the FEI, It has 44,€ 8 million from the European Regional Development Fund (FEDER). The three banks selected by the Réunion Region complete this envelope to bring it to an overall amount of € 80 million. This competitive financing offer is characterized by simplified conditions of access, lightened guarantees and reduced rates. For exemple, for 100,000 € borrowed at the rate of 2,90 % over five years, Do meeting will guarantee € 50,000. BFC, as for her, will intervene on its equity for the remaining 50 % of the borrowed capital. The BFC has already experienced this type of intervention since 2018, the meeting region having agreed on the same principle following a first call for tenders. Its I-Run by BFC product has enabled 570 Reunionese companies to access the credit for a distributed amount of € 565 million. It is therefore a second version of I-Run by BFC that it deploys today, strong from this first experience, in order to "give small capacity as big as big", a souligné Ludovic Cailly, Managing Director of BFC, by presenting the new offer, February 13. The bank undertakes to devote 40 % to 50 % of loans to small businesses and independent professionals.
L’offre i-Run by BFC
It is a loan from € 5,000 and up to € 3 million. The borrower benefits from a 50 % discount on file fees, of a fixed rate decorated 50 % compared to conventional conditions and a improved rate if the project is eligible for "green" financing. Two rates are offered : 2,90 % for a refund between 24 and 60 months ; 3,10 % for a refund between 61 and 120 months. Is added a bonus of 0,10 % for "green" projects : A improved rate with which the BFC wishes to expand its CSR action by supporting project leaders in their own transition. The reimbursement period therefore spreads two to ten years depending on the project. A three -month partial delay in capital is granted, up to five months, If the project is eligible for the "green" bonus. The requested guarantees are reduced thanks to the partnership with the Réunion Region and the FEI : Thus no warranty is required up to € 30,000 and a solidarity deposit is enough between 30,000 and € 50,000.
Eligibility conditions
I-Run by BFC is open to individual entrepreneurs, to the autoentrepreneurs, to micro-entrepreneurs and VSEs/SMEs who have their head office in Reunion. Are eligible for the product, companies in creation or development of less than 36 months, as well as companies with less than 10 employees with less than 114 months of fiscal year. The liberal professions are excluded, real estate development activities and agriculture. Loans will not be granted for the purchase of electric and hybrid vehicles. As a reminder, The BFC is a 100 % local bank located in Mayotte and Reunion for almost 50 years. It employs nearly 400 people and supports nearly 90,000 customers on the two islands.
