10 things partners should know about October.

1. October finances profitable and established companies from Spain, Italy, France and the Netherlands
   

   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.

2. October finances all type of projects, including non material ones
   

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

3. We work with many different types of partners to help them find financing solutions for their clients
   

   We are used to work with a large panel of partners ranging from credit brokers, financial consulting firms, accountants, lawyers, banks, insurers. If you belong to one of these categories do get in touch with our team.

4. We have unique mix of lenders that guarantees the fundings of every project
   

   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.

5. We finance 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.

6. Our selection process

   The first step is the eligibility test. Once you submit a new application, we automatically run preliminary checks on the company and give an instant assessment, with an estimated rate.

   The second step is the credit analysis. Our credit-team sets up a call with your client to finalize the analysis of the company and to propose an offer including the amount, interest rate and the duration.

   When the offer is approved by your client the project is offered to our lenders on the October platform. The funding is sent 2 days later.

7. Time to get financing
   

   Once you’re client has signed the borrower contract, the project will be presented on our website for approximately 3 days, the duration being decided with your client (it can be as short as a day). 48h after the end of this period, your client will receive the amount borrowed minus our fees, directly on his bank account.

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 your client 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 the 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 client’s 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. Publication of projects
   

   Once the loan agreement has been signed, the 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 the 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 your client validates it before uploading it.

10. Commission to partners
    

    In France, Spain and Italy, we share with our partner a part of the upfront fees paid by the borrower. The commission amount depends on the country where we operate and the partner type.