Northern Linen

Presentation of the company

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.

Main activities:

• Northern Linen is involved in all stages of the prouction process of making linens

Project description

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.