Morocco’s Central Guarantee Fund (CCG) Sets Up Exceptional Additional Financing In Support Of Startups
In order to assist startups in this difficult time, the Caisse Centrale de Garantie (CCG), which manages the Innov Invest fund, has set up exceptional additional financing for the benefit of startups.
Here Is What You Need To Know
- This exceptional device by CCG should notably benefit startups that have received financing under the Innov Invest fund and are unable to obtain bank loans.
- It should be noted that startups eligible for this funding must be active and have order books, materialized by contracts concluded.
- It should be noted further that this funding is in the form of an honor loan that can be distributed by support structures labeled category 2 and intended to cover, within the limit of 500,000 DH ($53k), four months of current expenses that may be justified. by the startup concerned, and will be repayable over a period of 5 years.
- It should also be noted that the grant of these loans cannot exceed December 31, 2020.
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