presented by October Spain
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Created in 2013 Movilex Recycling Group S.L. is active in the collection of hazardous waste sector. The company, based in Lobon, has 100 employees. From 2013 it is managed by Luis Garcia-Torremocha who has 15 years of experience in the industry.
The borrower is a holding company whose revenues are derived from services invoiced to its subsidiaries. The financial analysis was carried out on consolidated financial statements, which reflect the group’s performance. The Group specializes in the integrated management and recycling of hazardous and non-hazardous waste, mainly of a metallic nature. Its activity is developed under a system of collection, decontamination and recovery of waste, focused on controlled traceability.
The company requires €1,556,500 over 48 months, with deferred capital repayment of 3 months (see details below) with a final balloon payment of 15%, to finance the acquisition of a new, more powerful shredding machine to process 25 tonnes of waste per hour. This project will be realised in the coming months.
The loan will be amortised 85% over 47 months, with the final 15% to be paid in the last instalment. 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 762 680 € which is in line with regulatory limits.