By aqsagu on Skatehive
While the cumulative effects of rising fuel prices cause numerous problems and hardships for small businesses across Europe, everlasting instability in the global energy markets continues to create or worsen difficulties to viability for all companies that are involved in logistics and transportation. In response, the government of France has created a Strategic Financing Initiative (SFI) designed to help those small business owners having long-term difficulties coping with the ever-increasing fuel crisis. 🚨 What is an SFI? The SFI is a loan of up to €50,000 to SMEs for a period of 3 years with an interest rate of approximately 3.8% with no collateral required. The SFI process begins with the Société de Courtage en Prêts & Investissement (SCPI), a publicly funded bank. The goal is to provide SMEs with immediate liquidity as they continue to suffer adverse economic impacts related to rising fuel costs. ⚔️ Why the SFI is Important This program was created as a response to the significan