Oniri Creations

Presentation of the company

Created in 2016 Oniri Creations is active in the other retail sale of new goods in specialised stores  sector. The company, based in Lieusaint, has 7 employees. From 2017 it is managed by Kevin Lapi.

Project description

The Company requests 180 000 € over 72 months, with 12 months deferred period (see details below) to finance the 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 4,91% will then be applied. The amount offered on the platform is limited to 88 200 € which is in line with the regulatory limits.