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lent to this project, means…
paid back in total
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Founded in 2017, We Love Cars is active in the car sales sector. The company is located in Paris. Since 2017, it has been managed by Alexandre Karl.
The company requests 22 500 € to the continuity following the impact of the COVID-19 crisis on its activity. This project will be realised in the coming months and the project description is based on the company’s input.
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.