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Tomasi Auto 02

presented by October Italy

€500,000

4.35%

24 months

B+

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location

Location

Guidizzolo, Italy

activity

Activity

Commerce

Presentation of the company

Created in 1997, TOMASI AUTO S.R.L. is active in the Automotive sector. The company, managed by Franco Tomasi, has 97 employees and is based in Guidizzolo.

Franco Tomasi, managing director, has overall 30 years of professional experience in the sector.

The company’s main activity is the sell of new vehicles with zero kilometer or seminew cars.

The company works with private customers and brokers mainly in the North of Italy, being one of the main indipendent car dealer.

Project Description

The company requests 500 000 € to finance modernisation work on a recently-acquired garage and to support the company growth. This project will be realised in the next few months.

As a reminder, the October lending community supported Tomasi Auto in November 2018 with 500 000 € to finance start-up costs of a new warehouse. Payments to date are regular.

This project is not covered by the Italian state guarantee.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 1 600 000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1,15.

The amount offered on the platform is limited to 245 000 €, which is in line with the regulatory limits.