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Wito

presented by October France

€250,000

2%

12 months

C

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location

Location

Paris, France

activity

Activity

Building & public Works

Presentation of the company

Created in 2010, Wito is active in the construction of residential and non-residential buildings sector. 

The company, managed by Remi Torres has 25 employees and is based in Paris.

Project Description

The company request €250.000 to ensure its continuity following the impact of the COVID-19 crisis on its activity.

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 4,91 % will then be applied.

The amount offered on the platform is limited to 122.500€, which is in line with the regulatory limits.