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Gilles Trignat Résidences #3

presented by October France

€500,000

2%

12 months

B

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location

Location

La Tronche, France

activity

Activity

Building & public Works

Presentation of the company

Created in 1994, Gilles Trignat Résidences is active in the Development of building projects  sector and part of the Groupe Trignat group. The company, managed by Gilles Trignat has 10 employees and is based in Meylan.

The group’s main activity is the development of real estate programme

Project Description

The company requests 500k euros to ensure continuity following the impact of the COVID-19 crisis on its activity.

This company is experiencing a decrease in income as a result of COVID-19’s economic impact. To ensure it’s continuity, the company needs liquidity. The credit can be used, for example, to invest in new business channels or to keep paying fixed costs until business activities pick up again.

[The French government supports this company with a State Guarantee](https: //help. october. eu/en/articles/4056823-french-state-guaranteed-loans-during-coronavirus-crisis). 90% of the principle is secured. If the company cannot repay the loan, the state will partially repay lenders on behalf of the company. Thereby, the government makes it safer for lenders to lend.

This state guaranteed loan is initially a 12 month differed loan with payment of 2% interests and capital at the end of the loan. After 12 months the borrower can (partially) repay the loan. If (part of) the loan is not repaid, the borrower will repay the loan over a period from 1 to 5 years. A new interest rate of 4,46% will then be applied.

This PGE comes with a financing of 1. 5m€ over 36 Months. Both projects have been ltaken into account in the analysis.

The amount offered on the platform is limited to 245000€, which is in line with the regulatory limits.