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Z . En X. Wang

presented by October Netherlands

€550,000

7.9%

60 months

C

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location

Location

Diemen, Netherlands

activity

Activity

Restaurants and catering services

Presentation of the company

Created in 2017, Z. en X. Wang is active in the cafeteria sector. The company, managed by Xing Ye Wang, has 6 employees and is based in Diemen. Company operates under the Kwalitaria franchise as Kwalitaria Diemerplein.

Mr. Xing Ye Wang, managing director, has overall 13 years of professional experience in the hotel & cafeteria sector. Previously, he was managing director at Hotel Beethoven company.

The company’s main activity is:

  • Sale & delivery of food.

Kwalitaria Diemerplein receives 4 stars on thuisbezorgd. nl.

Project Description

The company requests 550. 000 € with 6 months of deferred repayment to finance the setup of a new hotel in Rotterdam. This project will be realised this quarter.

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 54 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 269.500€.