Provost Frères #2

Presentation of the company

Created in 1962 Provost Frères is active in the sawmilling and planing of wood  sector. The company, based in Sauze-Vaussais, has 100 employees. Since 1992 it is managed by Marc Héritier who has 30 years of experience in the industry.

Main activities:

• Purchase, drying, sawing and sale of domestic and tropical timber.

Project description

The Company requests 1 500 000 € over 60 months to finance the acquisition of vehicules, tools and machinery as part of its 2022 investment program. This project will be realised in the next few months. The amount offered on the platform is limited to 735 000 € which is in line with the regulatory limits. 

October has already supported the group with 3 projects of which 2 are still in repayment. Current outstanding is 3 011 084€ under regular repayment.