Garantie des prêts participatifs

This is a French private member's bill (proposition de loi ordinaire) submitted to the National Assembly in the 15th legislature. Its title refers to a state guarantee for participatory loans (prêts participatifs), a type of quasi-equity financing. These loans are typically long-term, unsecured and repaid on flexible terms, and they help companies strengthen their capital base without diluting ownership. Based on the title alone, the bill concerns how the state would back such loans. The full text was not reviewed, so the exact mechanism and scope are not confirmed here. The main groups affected would be small and medium-sized enterprises that rely on participatory loans and the lenders who provide them, such as banks and specialised financing institutions. Depending on the final text, the bill could change the conditions under which these loans are guaranteed.