€22,500
2%
12 months
C-
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Location
Cessy, France
Activity
Marketing surveys & consulting
Presentation of the company
Created in 2020, Marcel & Co is active in the marketing surveys & consulting sector. The company, based in Cessy is managed by Thomas Rene Michel De Rozevire.
Project description
The company requests € 22,500 to increase the liquidity due to 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.
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 5,41% will then be applied.