Brussels 1 December 2014 The EU Financial Instruments Experiences gained of the SOCAMA Network Sommaire The SOCAMA Facts and figures missions organizational model decisionmaking ID: 804107
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Gilbert RebeyrolePrésident of the SOCAMA NetworkBrussels 1 December 2014
The EU Financial Instruments :Experiences gained of the SOCAMA Network
Slide2SommaireThe SOCAMA : Facts and figures, missions, organizational model, decision-making process, business modelRelations with EIFProducts of SOCAMA supported by European programs
Performance of SOCAMA : key figuresConclusion2
Slide31. The SOCAMASet up for and by entrepreneurs (1917 Act )Activities of guarantees for bank loansA network of 26 SOCAMA throughout France 250 000 members
Between 25 000 and 30 000 loans guaranteed every year for a total value of € 700 - 900 million Exclusive partnership with the Banques Populaires
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Slide41. The SOCAMA : MissionsTo facilitate access to bank loan finance To reduce collateral requirements by the Banques PopulairesTo protect the entrepreneur’s personal assets
By providing a 100% guarantee4
Slide51. The SOCAMA : Organizational model
Representatives from the different sectors (800 volunteers) : Professional organizationsChambers of CraftsChambers of Commerce
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Slide61. The SOCAMA : Decision-making process
SOCAMAAnalysis of professional
criteria
BANQUE POPULAIRE
Risk
control and
Analysis
of
financial
criteria
G
rant
the SOCAMA
guarantee
Loan
grant
by BANQUE POPULAIRE
If ok Banque Populaire
If ok SOCAMA
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Slide71. The SOCAMA : The business modelThe SOCAMA guarantee is funded as follows :Underwriting of share membersContribution to mutual guarantee fund Payment of management fee 7
Slide82. Relations with IEF : agreements signedEuropean programs
MAP
CIP1
CIP2
Periods
To
September
2003
from
June
2007
To
October
2007
from
March 2011
To April 2011
from
March 2013
To April 2013
from
March
2015
Total
amount
loans
counter
-guarantee
965 M€
1 318 M€
1 800 M€
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Slide93. The SOCAMA supported by European programsTwo exclusive SOCAMA / Banque Populaire / EIF products to protect the personal assets of the entrepreneur and his/her family:To finance the growth of companies : “SOCAMA Express Loan without personal collateral requirements”
To finance business transfers : “SOCAMA Business Transfer Loan »9
Slide103. The SOCAMA product mix with the support of European programsThe SOCAMA Express
Loan without personal collateral (PESE)
Maximum loan amount : € 50 000 Loan term : between 18 and 60 months
- 100% SOCAMA loan guarantee
with 50% counter-guarantee by the EIF.
Advantage for the borrower :
Full protection of personal assets.
The SOCAMA and
Banque
Populaire
explicitly decline to claim the pledge of any personal collateral or guarantee
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Slide113. The SOCAMA product mix with the support of European programsThe SOCAMA Business Transfer
Loan (PSTR) Maximum loan amount : € 150 000
Loan term : between 18 and 84 months- Period of grace up to 9 months possible
100% SOCAMA loan guarantee
with 50% counter-guarantee by the EIF.
Advantage for the borrower :
Protection of personal assets.
Recourse to personal assets is limited to 25% of the loan amount.
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Slide124. Performance of SOCAMA : Key figures Loan productionStrong increase of activity between 2003 and 2007 through the launch of new products developed in partnership with the EIF……followed by a decrease during the crisis years and a slight rebound in 2010.Production in € million12
Slide134. Performance: Key figures Production by activity sector as of 31/12/201313
Slide144. Performance of SOCAMA : Key figures division of loan allocation as of 31/12/201314
Slide154. Performance of SOCAMA : Examples of financed projectsFinancing of the purchase of a vehicule in a joineryNeed 17K€ : purchase of the véhicule 17 K€ Financing :
The SOCAMA Express Loan without personal collateral 17 K€Financing of a lift for welcome of the handicapped persons in a hotelNeed 30 K€ : a lift 30 K€
Financing : The SOCAMA Express Loan without personal
collateral
30
K€
Financing
of
the installation of a 30-year-old young man as craftsman taxi with purchase
vehicule
and
license
Need
180 K€
:
a new
véhicule
35
K€ -
license
140 K€ -
expenses
transaction 5 K€Financing : Money of the family 15 K€ - The SOCAMA Business Transfer Loan 150 K€ - Complementary Loan
15 K€15
Slide16In conclusion, ……..- Its exclusive partnership with the Banques Populaires,- its expertise in analyzing professional criteria,-its very confordable pricing,- and its products supplied together with the European Investment Fund and European supports, .…………...do SOCAMA the leader mutual guarantee company for small business in France.
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Slide17Thank you for your attention17