Coutume

Presentation of the company

Created in 2018 Coutume is active in the retail trade of furniture, lighting and other household items in specialised shops. The company, located in Bordeaux, has 4 employees. Since 2018, it has been managed by Julie Morel.

Project description

The company requests 90 000 € over 48 months, with 9 months deferred period to finance the development of the website, recruitment and the purchase of stock. This project is an Instant Project. The French public investment bank (Bpifrance) provides a guarantee to this company: the principal is guaranteed up to 60% as part of their program to support SMEs business development projects. If the company goes into insolvency proceedings, Bpifrance will partially reimburse the lenders on behalf of the company. The guarantee will not apply if the loan fails within 9 months after the financing. As part of the company’s investment plan, the company can request another loan on the platform within the coming quarter. The maximum amount the company can borrow on October is 107 750 €. We have taken this into account in our analysis. The credit score will not be affected. The amount offered on the platform is limited to 44 100 € which is in line with the regulatory limits.