presented by October Netherlands
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.
Founded in 1998 Northern Linen B.V. is active in the agents specialised in the sale of other particular products. The company, based in Nijmegen, has 21 employees. Since 1998 it is managed by Martinus Wijkamp who has 32 years of experience in the industry.
The company is borrowing €1,500,000 with a 48-month term, including a 6-month grace period, to finance more stock to meet demand. This is a Flexible Bridge Loan, a loan with a standard obligation for the first 9 months and the possibility of early repayment without costs for the rest of the term of the loan, even in case of refinancing by other financial institutions. The Dutch State supports the company with a guarantee. The principal is guaranteed up to 67.5%. If the company cannot repay the loan, the State will partially repay on behalf of the investors. This project will be realised in the coming months.
The amount offered on the platform is limited to €735,000, which is in line with the regulatory limits.