Izzi Consulting

Presentation of the company

Created in 2018, IZZI CONSULTING is active in the Activités d’ingénierie et conseils techniques connexes sector. The company, based in MONTIGNY SUR LOING, has 0 employees. Since 2018, it is managed by IZZI Thierry Laurent.

Project description

The company requests 29000 € to the 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. 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 5,41% will then be applied.. This project will be realised in the coming months and the project description is based on the company’s input.

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 2,00% will then be applied.