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Azur Sanitaire

presented by October France

€15,000

2%

12 months

C-

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location

Location

Antibes, France

activity

Activity

Building & public Works

Presentation of the company

Created in 2021, Azur Sanitaire operates in the plumbing sector. The company is based in Nice. 

Since 2016, it has been managed by Paul Arroyo.

Project Description

The company request €15.000 to ensure its continuity following the impact of the COVID-19 crisis on its activity. This project will be realised in the coming months and the project description is based on the company’s input.

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 5.41% will then be applied.