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Disreine

presented by October France

€250,000

2%

12 months

C

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location

Location

Bourg-la-Reine, France

activity

Activity

Commerce

Presentation of the company

Created in 1982, Disreine is active in the retail sale in non-specialised stores with food, beverages or tobacco predominating  sector. 

The company, managed by Grégoire Bourdaud has 50 employees and is based in Bourg-la-Reine.

Project Description

The company request € 250.000 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 122.500€, which is in line with the regulatory limits.