presented by October Italy
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Created in 2014, EDGE S. R. L. is active in the insurance brokerage sector. The company, managed by Manfredo Sciarretta, has 8 employees and is based in Milano.
Mr. Manfredo Sciarretta, managing director, has overall 20 years of professional experience in the insurance sector. Previously, he was managing director at Marsh company.
The company’s main activity is the insurance brokerage.
The company works with more than 100 customers who are companies with turnover above 30 mln €.
Mr. Fontana wants to sell his activity valued 726 000 €, valuation based on standard of the market. Edge wish to borrow 100. 000 € for 48 months to finance the acquisition of 70% the company. This project will be realised next month.
Total price of the acquisition is 508 000 € and the payment will be 30% at the closing, 20% after 12 months, 20% after 24 months and the remaining 30% within September 2022. The first tranche of 152 000 € will be financed by the October loan joint with a shareholder contribution of 60 000 €. The other tranches will be paid with cash flow generated by the Company.
This project is not covered by the Italian state guarantee.
The amount offered on the platform is limited to 49 000 €, which is in line with the regulatory limits.