LEC

Presentation of the company

Created in 1993 L.E.C. Societe Lyonnaise D Equipement Et De Controle is active in the manufacture of electric lighting equipment sector. The company, based in Lyon, has 29 employees. From 2018 it is managed by Guillaume Pollet.

Project description

The company request €250,000 to ensure its continuity following the impact of the COVID-19 crisis on its activity. 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 4.91% will then be applied.

The amount offered on the platform is limited to 122 500 € which is in line with the regulatory limits.