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9 things you need to know as a borrower.

  1. Up to €5,000,000

    You can get financing for your projects from €30,000 to €5 million and from 3 months to 7 years.

  2. Wide range of projects

    All types of projects can be financed: renovation works, company acquisition, financing of tangible or intangible assets, commercial development,…

  3. Selection process

    The first step is the eligibility test. In just two clicks, just with your company name, you’ll know if it is eligible for a loan. Once this first step is completed, you can add your tax returns to your submissions; they will allow us to give you an answer within 48 hours. Other documents may be requested later to refine the analysis and a telephone discussion will be organised with the credit team. Typically a firm answer arrives in less than a week and you can get the funds a few days later.

  4. What types of companies

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

  5. Response time

    You will immediately know if you are eligible by clicking here. Once we have received the necessary information (you will receive the list by email), we will get back to you with a firm answer within 48 hours. If your project is accepted, our offer will specify the amount, rate, duration and date of availability of funds.

  6. Time to finance

    Once you have signed the borrower contract, your project will be presented on our website for approximately 3 days, the duration being decided with you (it can be as short as a day). 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 who lend directly on the platform and choose the projects themselves, institutional investors automatically 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 loan is funded will you be charged anything (3% upfront fee and 1/12% for the management of the cashflows) which will be detailed in a totally transparent way in the loan offer. These costs represent financial expenses that will be recognised as such in your company’s income statement, thus reducing taxable income.

    • Upfront fee (3%): upon payment 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 your bank account.
    • Flow management fee: (1/12%): a flow management fee equal to 1/12% of the outstanding amount is invoiced monthly as part of the financial flow management. It covers the costs associated with processing the many financial flows (drawing a due date from your bank account and distributing this amount among all lenders, in proportion to the amount lent) and is directly added to your monthly payments.

  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, they must have information about your company, including a description of your activity, its history, the project to be financed, and certain financial data. We take care of the layout of this information and you validate it before uploading it.