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Capelli #5

presented by October France

€700,000

2%

12 months

B

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location

Location

Champagne-au-Mont-d'Or, France

activity

Activity

Building & public Works

Presentation of the company

Created in 1976, CAPELLI is active in the Development of real estate projects sector. The company, managed by Christophe Capelli has 140 employees and is based in Paris 8.

The group’s main activity is real estate promotion. The group works with an important portfolio of private and institutionnal investors.

The group is specialized in the realizations of managed residencies.

Covid 19 impacted the group with projects being delayed.

Project Description

The company requests 700 000 euros to ensure 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 it’s 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](https: //help. october. eu/en/articles/4056823-french-state-guaranteed-loans-during-coronavirus-crisis). 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 4,46% will then be applied.

The company has already been financed four times by October.

The amount offered on the platform is limited to 343000€, which is in line with the regulatory limits.