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Information & Communication
Created in 2008, Always On is active in the data processing, hosting and related activities sector. The company, based in Paris, has 6 employees. Since 2008 it is managed by Bruno Veluet.
The company request €189.000 to ensure its continuity following the impact of the COVID-19 crisis on its activity.
This project is an Instant Project and the French State supports this company with a guarantee: the principal is guaranteed up to 90%. If the company cannot repay the loan, the State will partially reimburse the lenders on behalf of the company. This State-guaranteed loan is initially a 12-month deferred loan with payment of interest (2%) and principal at the end of the loan. After 12 months, the borrower can (partially) repay the loan. Otherwise, the borrower will repay the loan over a period of 1 to 5 years. A new interest rate of 4,91% will then be applied.
The amount offered on the platform is limited to 92 600 € which is in line with the regulatory limits.