10 things you need to know as a borrower.

  1. Up to €2,000,000

    You can get a classic loan or a leasing for your projects up to €2 million, with a maximum duration of 7 years.

  2. Wide range of projects

    All types of projects can be financed: renovation works, company acquisition, working capital, investments (physical or intangible assets), communication campaigns, commercial development, recruitment, refinancing.

  3. What types of companies

    Companies eligible for a loan are commercial companies based in France, Spain, Italy, The Netherlands or Germany, with at least 3 years of existence, a turnover of more than €250,000, that are profitable and with sufficient repayment capacity.

    ➡️ Learn more about project analysis and selection.

  4. Application process

    You will first answer a few questions to know if you can continue our online process. Once this first step is completed, you can finish your application by adding financial documents and answering a few questions. Once your application is completed and validated by our credit team, you will receive a firm offer within 48h and the funds within a week.


  5. Response time

    Apply in a few clicks! Once we have received the necessary information, we will get back to you with a firm answer within 48 hours. It is even quicker if you match the Instant Project criteria. The answer for an Instant Project is immediate. If your project is accepted, our offer will specify the amount, rate, duration. The funds will be available on your bank account in 7 days .

  6. Time to finance

    Once you have signed the borrower contract, if your project is open to lenders it will be online on our website for approximately 3 days, the duration being decided with you. 48h after the end of this period, you will receive the amount borrowed minus our fees, directly on your bank account.

  7. Who are the lenders ?

    Alongside individual lenders (if the project is open to lenders) who lend directly on the platform and choose the projects themselves, and to October’s management who automatically lend to the projects to align their interest with the lenders, institutional investors lend to all projects presented on the platform, through a fund. This hybrid funding guarantees the funding of all projects presented on October.

  8. Fees

    A financing request is completely free of charge, including the analysis phase by the October credit team. Only after the financing terms are agreed by both parties and the loan is funded, the borrower will be charged the fees described underneath. All the details of the financing and its fees will be listed in the final offer in a totally transparent way.

      The fees are composed of:

    • A project set-up fee (3%): Upon crediting of the funds, October charges a project set-up fee equal to 3% of the amount borrowed. This commission is deducted directly from the amount paid into the borrower’s bank account. As an example, if you borrow 100,000€, the project set-up fee will be 3% of €100,000 =€3,000. Your bank account will be credited with €97,000.
    • A monthly fee (0.04%): October debits a monthly fee representing 0.04% of the amount borrowed. This fee is included in the monthly repayment composed of the capital and interests. This monthly fee aligns October’s financial interest with those of the lenders and borrowers throughout the term of the loan. As an example, if you borrow €100,000, the monthly fee will be 0.04% of €100,000 = €40/month.

    These costs represent financial expenses that will be recognized as such in your company’s income statement, thus reducing taxable income.

  9. Online publication of your project

    Once the loan agreement has been signed, your project is put online on our platform so that private lenders can lend. In order for them to invest in a transparent manner, we display a little description of your company, your project and certain financial data.

  10. Repayment

    Every month the repayments (capital plus monthly fees) will be automatically debited from your bank account.

    More questions? Check our tutorials