logo lendix

becomes

logo october
Learn moreContinue to october.eu

< all projects

Extrusiones Metálicas Europea #2

presented by October Spain

€440,000

6.5%

60 months

B

If I had lent to this project?

lent to this project, means…

paid back in total

taxes not included

Create your account

Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.

location

Location

Valladolid, Spain

activity

Activity

Industry

Presentation of the company

Created in 2014, EXTRUSIONES METALICAS EUROPEA SL, is active in the aluminum profile extrusion sector. The company, managed by Maria Paz Hernandez, has 120 employees and is based in Valladolid.

Mrs. Maria Paz Hernandez, financial director acting as manager, has overall 8 years of professional experience in the Aluminum profile extrusion sector. Previously, she was financial director at METALES EXTRUIDOS SL company.

The company’s main activity is: The production and sale of aluminum profiles

The company works with a diversified base of recurrent clients.

Project Description

The company requests 440.000 € with 9 months of deferred repayment to finance the second phase of its development project including the acquisition of different machinery such as milling machines or automatic cranes. This project will be realised this quarter.

As a reminder, the October lending community supported EXTRUSIONES METALICAS EUROPEA SL in November 2019 with 1.560.000 € to finance the expansion of their production plant to install a new extrusion press.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 9 months, the lenders will only receive interest; the following 51 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

The amount offered on the platform is limited to 215.600 €, which is in line with the regulatory limits.