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Zoet Horeca

presented by October Netherlands

€85,000

7%

48 months

B

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location

Location

Groningen, Netherlands

activity

Activity

Restaurants and catering services

Presentation of the company

Created in 2014 Zoet Horeca is active in the restaurants and mobile food service activities sector. The company, based in Groningen, has 2 employees. From 2014 it is managed by Aart Zoetbrood.

Project description

The Company requests 85 000 € 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. 

The amount offered on the platform is limited to 41 650 € which is in line with the regulatory limits.