Cadec - Caisse de Developpement de la Corse

CADEC is a financial company approved in the form of an SA with a board of directors whose main shareholders are:

CADEC manages public funds, distributed in the form of repayable advances at zero interest, of an amount between €10,000 and €200,000, with an associated bank loan of the same amount and minimum duration (except in the specific case of innovation where co-financing is not necessary).

CADEC is a financing tool for the Corsican Economy which streamlines the distribution of credit.
Since 2011, the CADEC/CORSABAIL group has been one of the driving forces behind the island's development: 86 million euros have been committed to supporting 864 business projects, representing 494 million euros in financing, thus contributing to the creation of 1,663 new jobs.