FAMILYCASH SL

Presentation of the company

Created in 2013, FAMILYCASH SL is active in the Retail sale in non-specialised stores sector. The company, managed by Jose Antonio Canet has 1200 employees and is based in L’olleria. The company has 20 stores mainly located in Comunidad Valenciana.

Mr. Jose Antonio Canet, managing director, has overall 30 years of professional experience in the sector.

The company’s main activity is:

• retail of food and general merchadise in hypermarkets outside city centersThe company works with a very diversified base of suppliers.

Project Description

The company requests 2.062.387 € with 9 months of deferred repayment to finance the opening of a new store. This is part of larger expansion plan that envisages more openings in 2020 and 2021. This project will be realised this quarter.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

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 1.000.000€, which is in line with the regulatory limits.