ICE-BT #3

Presentation of the company

Created in 2011 Ice-Bt B.V. is active in the manufacture of ovens, furnaces and furnace burners sector. The company, based in Nieuw-Vennep, has 10 employees. Since 2011 it is managed by Johannes Hoogland.

Main activities:

• Engineering and manufacturing of regenerative aluminum furnaces. 
• Engineering and manufacturing of direct, indirect and hot air systems for drying. 
• Engineering and manufacturing of incinerators.
• Engineering and manufacturing of heat treatment furnaces.

Project description

The company requests 425 000 € over 60 months to finance start up cost of new projects and production expansion. The amount offered on the platform is limited to 208 240 € which is in line with the regulatory limits. October has already supported the Group with 2 projects of which 1 is still in repayment. Current outstanding is 228 433 € under regular repayment. The Dutch State provides a guarantee to this company: the outstanding capital is guaranteed up to 52.94% as part of their BMKB program to support SMEs. If the company cannot repay the loan, the Dutch State will partially reimburse the lenders on behalf of the company. Next to the state guarantee, the project benefits from a personal guarantee for 47.06% of the loan amount from the shareholder(s) / owner(s) of the company. We remind you that a guarantee does not indicate that the company cannot default. It implies that the guarantor will be liable for the outstanding capital.