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Color Group Experience

presented by October France

€117,000

2%

12 months

C

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location

Location

Marseille, France

activity

Activity

Transport

Presentation of the company

Founded in 2003, Color Group Experience is active in the passenger transport sector. The company, located in Marseille, has 30 employees. Since 2016, it is managed by Julien Guedj.

Project description

The company request €117.000 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 57.320 € which is in line with the regulatory limits.