€500,000
5.1%
36 months
B+
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Location
Gennevilliers, France
Activity
Commerce
Presentation of the company
Established in 2014 Auto-Contact is active in the machinery and equipment trade. The company, located in Gennevilliers, has 130 employees. Since 2019, it has been managed by Frédéric Vauchel Durel who has overall 3 years of experience in the sector.
Main activities:
- Distribution of technical parts and automotive consumables
- Distribution of motorbike parts
Project description
The Company requests €500.000 over 36 months, with 3 months deferred period to finance the development of new ranges and continue the structuration of the group to better adress the two different markets they are operating in (automotive and motor culture). This project will be realised in the next few months. The amount offered on the platform is limited to 245 000 € which is in line with the regulatory limits. October has already supported the Company with 2 projects of which 1 is still in repayment. Current outstanding is 173 000 € under regular repayment.