€33,000
7.2%
36 months
B
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Location
Hyères, France
Activity
Restaurants and catering services
Presentation of the company
Created in 2003 M.F.P. is active in the hotels and similar accommodation sector. The company, based in Hyeres, has 6 employees. Since 2020, it has been managed by Tom Cariano.
Project description
The company requests 33 000 € over 36 months, with 9 months deferred period (see details below) to support its cash flow. This project is an Instant Project. The French public investment bank (Bpifrance) provides a guarantee to this company: the principal is guaranteed up to 50% as part of their program to support SMEs liquidity needs. If the company goes into insolvency proceedings, Bpifrance will partially reimburse the lenders on behalf of the company. The guarantee will not apply if the loan fails within 9 months after the financing. The amount offered on the platform is limited to 16 160 € which is in line with the regulatory limits.