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Toppy

presented by October Netherlands

€1,200,000

5.2%

36 months

B+

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location

Location

Veghel, Netherlands

activity

Activity

Commerce

Presentation of the company

Created in 2006, Toppy is active in the e-commerce sector. The company, managed by Jeroen van Uden and Harold van Breemaat has 35 employees and is based in Veghel. The company originates from a business in the costruction of swimming pools, and still operates this business.

Mr. Jeroen van Uden and Harold van Breemaat, managing director, has overall 10 years of professional experience in the sector.

The company’s main activities are:

  • The sale of outdoor, garden and swimmingpool products
  • The construction of swimming pools

The company works with around 75 additional flexible employees duing peak seasonThe company experienced no negative effects of the corona pandemic to its sales or performance.

Project Description

The company requests 1. 200. 000 € with 3 months of deferred repayment to finance the purchase of stock. This project will be realised in the next few months.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 33 months, the lenders will receive interest and principal amortization. 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 588000€, which is in line with the regulatory limits.