logo lendix

becomes

logo october
Learn moreContinue to october.eu

< all projects

Umbra Rimorchi

presented by October Italy

€300,000

4.9%

36 months

C

If I had lent to this project?

lent to this project, means…

paid back in total

taxes not included

Create your account

Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.

location

Location

Roma, Italy

activity

Activity

Industry

Presentation of the company

Created in 1976, UMBRA RIMORCHI-SOCIETA’ A RESPONSABILITA’ LIMITATA is active in the Manufacture of other parts and accessories for motor vehicles  sector. The company, managed by Giara Gianfranco has 19 employees and is based in Roma.

Mr. Giara Gianfranco , managing director, has overall 30 years of professional experience in the sector.

The company’s main activity is:

  • production and sale of towed hooks

The company works with different national and international Customers.

Project Description

The company requests 300.000 € to recover from the impact of the COVID19 crisis on its activity

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 6 months, the lenders will only receive interest; the following 30 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.

At least 90% of the risk of this loan is covered by a guarantee from the Republic of Italy via the Fondo di Garanzia PMI.