French Monetary and Financial Code
In forceThe State, subject to Articles L. 313-18 to L. 313-20, credit institutions, finance companies, other commercial companies, alternative investment funds governed by Section 2 of Chapter IV of Title I of Book II and authorised to grant loans to non-financial companies, public establishments, the list of which is set by decree in the Conseil d'Etat, insurance companies and mutual insurers, non-profit associations referred to in Article L. 5, mutual insurers and unions governed by the Mutual Code and institutions covered by Title II and Title III of Book IX of the Social Security Code may grant loans from their available long-term resources. 511-6, mutual insurance companies and unions governed by the Mutual Insurance Code and institutions covered by Title II and Title III of Book IX of the Social Security Code may use their available long-term resources to grant loans to agricultural, craft, industrial or commercial businesses in the form of equity loans governed by Articles L. 313-14 to L. 313-20. The provisions of this article are without prejudice to the application of the criminal provisions of Title IV of Book II of the French Commercial Code.
The granting of an equity loan to a sole trader does not in itself imply the formation of a company between the parties to the contract.
