€100,000
8.8%
36 months
C
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Location
Cournon-d'Auvergne, France
Activity
Commerce
Presentation of the company
Founded in 2017 Massif Auto is active in the sale of cars and light motor vehicles. The company, located in Cournon D’Auvergne, has 3 employees. Since 2017, it has been managed by Ercan Gul.
Project description
The company requests 100 000 € over 36 months, with 9 months deferred period to strengthen its cash position. 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 49 000 € which is in line with the regulatory limits.