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Feltest Equipment

presented by October Netherlands

€210,000

6.75%

60 months

B

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location

Location

Eerbeek, Netherlands

activity

Activity

Industry

Presentation of the company

Created in 2002, Feltest Equipment B. V. is an independent supplier of portable measuring instruments for sieves and felts in paper machines. The company, managed by Marcel Lensvelt has 5 employees and is based in Eerbeek.

Mr. Marcel Lensvelt, managing director, has overall 15 years of professional experience in the sector.

The company’s main activities are:

  • Supplying the paper industry with measuring tools for the paper machine clothing (a part of the paper production machine).
  • Providing innovative technology for optimizing the performance of the paper machine clothing.
  • Main measurments of Feltest tools are thickness, water perforation and tension of the paper machine clothing.

Project Description

The company requests 210,000 € to finance the development of a measurement tool for Paper Machine Clothings to further optimize their performance. This project will be realised in the next few months.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 250000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1.

The amount offered on the platform is limited to 102900€, which is in line with the regulatory limits.