€200,000
7.1%
60 months
B
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Location
Saint-Germain-lès-Arpajon, France
Activity
Building & public Works
Presentation of the company
Created in 1986, Essonne Location Terrassement Démolition hires out earthmoving and demolition machinery. The company, based in Saint-Germain-Les-Arpajon, has 18 employees. Since 2022, it has been managed by Jean-Baptiste Descoqs.
Project description
The company requests 200 000 € over 60 months, with 9 months deferred period to strengthen its cash position. This project is an Instant Project. The French public investment bank (Bpifrance) provides a guarantee to this company: the principal is guaranteed up to 50% as part of their program to support SMEs liquidity needs. 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. The amount offered on the platform is limited to 98 000 € which is in line with the regulatory limits.