How to request the intervention of the Monegasque credit guarantee fund

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How to request the intervention of the Monegasque credit guarantee fund

PROCEDURE

STARTING AND MANAGING A BUSINESS

Last updated: 23/02/2023

Understanding the process

The Credit Guarantee Fund is designed to guarantee the assistance provided by banks in the context of the creation, transfer, cash restructuring or development of companies.

Only a Monegasque banking institution may request the intervention of the Fund.

The banking institution submits a file to the Department of Budget and Treasury which then forwards it to the various contributors involved.

Click here to find out more about the Guarantee Fund.

You must supply the following documents:

The
Fiche de renseignements - Fonds de garantie monégasque
XLS43.5 kB
duly completed

Your review file containing your decision (
Modèle dossier - Fonds de garantie monégasque
DOC38 kB
)

In addition to this file, you should provide the following, depending on the nature of the transaction for which the request to the Guarantee Fund is being made:

Information about the project: product, expertise, market, customer base
Information about the manager (CV) and where the capital comes from
Legal arrangements adopted
Financing plan, cash flow plan and forecast
Where the company is a franchise: information on the franchisor and the membership of the franchise

Information about the project: product, expertise, market, customer base
Information about the manager (CV) and where the capital comes from
Legal arrangements adopted
Financing plan, cash flow plan and forecast
Where the company is a franchise: information on the franchisor and the membership of the franchise
Presentation of target and last two statements of accounts

Information about the project: product, expertise, market, customer base
Information about the manager (CV) and where the capital comes from
Legal arrangements adopted
Financing plan, cash flow plan and forecast
Where the company is a franchise: information on the franchisor and the membership of the franchise
General information about the company, its plans, its last two statements of accounts (tax returns) and, if necessary, the group’s consolidated accounts.