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Created in 1979 Hydrosan B.V. is active in the wholesale trade of motor vehicle parts and accessories. The company, based in Halsteren, has 17 employees. Since 2016 it is managed by Roland Picavet who has more than 7 years of experience in the industry.
The company requests €150,000 over 48 months to finance its continuity following the impact of the COVID-19 crisis on its activity. 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. The Dutch State supports this company with a guarantee. The principal is guaranteed up to 67.5%. If the company cannot repay the loan, the State will partially reimburse the lenders on behalf of the company. . If the company cannot repay the loan, the shareholder will be held personally liable. The amount offered on the platform is limited to €73,500 which is in line with the regulatory limits.