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Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Restaurants and catering services
Created in 2017, Le Faubourg d’Enghien is a restaurant in Enghien Les Bains.
The company, managed by Sapanis Yalap has 20 employees and is based in Enghien-les-Bains. The managers have more than 15 years of experience.
The company requests 295.000€ 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. 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 4,31% will then be applied.
The amount offered on the platform is limited to 144.540€, which is in line with the regulatory limits.