(Update pursuant to publication of French Ministry of Economy Q&As dated 31 March 2020 and 2 April 2020, of arrêté modificatif dated 1 April 2020, Q&A date 22 April 2020 and second Amendment to the French budget law dated 25 April 2020)
The French State guarantee of 300 billion euros scheme to secure loans granted by banks to companies affected by the Coronavirus pandemic was set up by Amendment to the French budget law for 2020 dated 23 March 2020  (completed by two arretés dated 23 March 2020 and 17 April 2020 and modified by the second amendment to the budget law dated 25 April 2020) is already a success. According to the French Ministry of Economy, more than 40 billion euros of State guaranteed loans have already been pre-approved for 250,000 enterprises (90% of very small businesses and a dozen of large companies including Fnac-Darty and Air France-KLM.
It consists of the following:
 Loi n° 2020-289 du 23 mars 2020
 Loi n° 2020-473 du 25 avril 2020