COVID-19: the Region is launching, in partnership with Bpifrance, the ERDF REACT EU fund for mountain loans Auvergne Rhône-Alpes, a loan to support the treasury of small and medium-sized enterprises. The ERDF REACT EU mountain loan is part of the European Commission’s response to tackle the socio-economic impact of the coronavirus outbreak. In order to support companies facing cash flow difficulties, the Region and Bpifrance are setting up a ERDF REACT EU loan fund for Auvergne Rhône-Alpes mountain loans. This loan supports the treasury of companies. The loan is seven years long and has a two-year deferred repayment. It is granted without taking a guarantee on the assets of the company or the assets of the manager. The ERDF REACT EU Auvergne Rhône-Alpes mountain loan is an effective and responsive tool to meet, in an exceptional context, the needs of companies.