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Van Kralingen Exclusive Interiors #2

presented by October Netherlands

€150,000

8%

48 months

C

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location

Location

Noordwijkerhout, Netherlands

activity

Activity

Industry

Presentation of the company

Created in 2019 Van Kralingen Exclusive Interiors Bv is active in the building of pleasure and sporting boats  sector. The company, based in Noordwijkerhout, has 12 employees. From 2006 it is managed by Fabian van Kralingen who has 15 years of experience in the industry.

Main activities:

  • Fabrication of oak interiors for yachts and superyachts – Company works with the largest Dutch superyachtbuilders on wooden interior projects

The legal structure of the company has recently been changed from sole proprietor to a B.V. As a sole proprietor, the company exists since 2006, with a special focus on yachtinteriors since 2015.

Superyachts are luxurious, customized yachts, which can be over 100 meters. Van Kralingen Exclusive Interiors builds interiors for these superyachts. The requirements and quality standards for these customized products are high. The pre-fabrication takes place at the workplace or will be done at the wharf of a superyachtbuilder.

Project description

The Company requests 150 000 € over 48 months, with 6 months deferred period (see details below) to finance its continuity following the impact of the COVID-19 crisis on its activity. This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions. The Dutch State supports this company with a guarantee. The principal is guaranteed up to 67.5%. If the company cannot repay the loan, the State will partially reimburse the lenders on behalf of the company. This project will be realised in the next few months. 

The amount offered on the platform is limited to 73 500 € which is in line with the regulatory limits.

As a reminder, the October lending community supported Van Kralingen Exclusive Interiors B.V. in 2019 with 100 000 € to finance the growth of the company. The company is up to date with repayments.