€30,000
2%
12 months
B
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Location
Tulle, France
Activity
Commerce
Presentation of the company
Created in 1984, Corrèze Pièces Auto is active in the retail trade of motor vehicle parts and accessories sector.
The company, managed by Jean Marre, has 8 employees and is based in Tulle.
Project Description
The company request €30.000 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 4,46 % will then be applied.
The amount offered on the platform is limited to 14.700€, which is in line with the regulatory limits.