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A.P.A.C.

presented by October Italy

€500,000

5.5%

24 months

B

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location

Location

Lonigo, Italy

activity

Activity

Commerce

Presentation of the company

Created in 1993, A.P.A.C. S.r.l. is active in the automotive sector. The company, managed by Umberto Priante, has 14 employees and is based in Lonigo.

Umberto Priante, managing director, has overall more than 20 years of professional experience in the sector.

The company’s main activity is the distribution of technical equipment for garages and body workshops.

The company works with well diversified base of customers.

Project Description

The company requests 500 000 € to finance the purchase of a specific line of products to be commercialized. By buying in bulk the company will be offered a discount on the standard price. This project will be realized in the next few months.

As a reminder, the October lending community supported Werther International SpA, which owns 90% of A.P.A.C. S.r.l., in December 2018 with 1 000 000 € to finance the development of a new production line of lifting platforms for the rail and subway market. The current outstanding is 741. 862€ and the loan has been amortizing without incidents.

This project is not covered by the Italian state guarantee.

This loan is guaranteed by the parent company, Werther International SpA.

The amount offered on the platform is limited to 245 000 €, which is in line with the regulatory limits.