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A.M.S. Événements #4

presented by October France

€70,000

2%

12 months

C

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location

Location

Rennes, France

activity

Activity

Events

Presentation of the company

Created in 1998, A.M.S. Événements is active in the support activities to performing arts sector. The company, based in Le Rheu, has 10 employees.

From 1998, it is managed by Nicolas Garry.

Project description

The Company requests 70 000 € to finance the continuity following the impact of the COVID-19 crisis on its activity. 

 This company is experiencing a decrease in income as a result of COVID-19’s economic impact. To ensure its continuity, the company needs liquidity. 

The credit can be used, for example, to invest in new business channels or to keep paying fixed costs until business activities pick up again. 

 The French government supports this company with a State Guarantee. 90% of the principle is secured. If the company cannot repay the loan, the state will partially repay lenders on behalf of the company. Thereby, the government makes it safer for lenders to lend. 

 This state guaranteed loan is initially a 12 month differed loan with payment of 2% interests and capital at the end of the loan. After 12 months the borrower can (partially) repay the loan. If (part of) the loan is not repaid, the borrower will repay the loan over a period from 1 to 5 years. A new interest rate of 4.91% will then be applied. This project will be realised in the next few months. The amount offered on the platform is limited to 34.300 € which is in line with the regulatory limits.