Hydrokarst #2

Presentation of the company

Created in 1977, Hydrokarst is active in the works in difficult environment. 

It is specialized in maintenace of dams, works on difficult natural environment and underwater maintenance projects. 

The company works in France, Africa and Asia. The company, managed by Jean Lelièvre has 100 employees and is based in Sassenage.

Project Description

The company requests 700.000€ to ensure continuity following the impact of the COVID-19 crisis on its activity.

As a reminder, the October lending community supported the company in may 2019 with 1. 6m€ to finance work on hydroelectric powerplant.

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. 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 4,91% will then be applied.

The amount offered on the platform is limited to 343.000€, which is in line with the regulatory limits.