logo lendix

becomes

logo october
Learn moreContinue to october.eu

< all projects

Corrèze Pièces Auto

presented by October France

€30,000

2%

12 months

B

If I had lent to this project?

lent to this project, means…

paid back in total

taxes not included

Create your account

Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.

location

Location

Tulle, France

activity

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.