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What is October
Type of companies financed
Type of companies financed

Get to know the type of companies financed on the October platform.

Nicolas CHECK avatar
Written by Nicolas CHECK
Updated over a week ago

October helps companies from around Continental Europe finance their growth in a fast and simple way.

What are the criteria for borrowing on October?

Where do companies need to be registered? Companies eligible for a financing with October need to be registered in one of the following country:

  • France

  • Spain

  • Italy

  • The Netherlands

  • Germany

What type of Industry is eligible?

All types of industries are eligible:

  • Manufacturing industry

  • consulting

  • retail

  • hotels

  • restaurants

  • ...

What type of company formats is eligible?

The following types fo companies are eligible:

  • SA

  • SAS

  • SARL

What type of financial criteria do Companies need to meet?

In order to borrow on October, applicants must meet at least the following conditions:

  • With an annual turnover of more than €250.000

  • And profitable, meaning EBITDA > 0

What is the profile of the October borrower?

How old is the company?

Not only young companies are searching for financing on October. The companies that borrow have between 2 and 78 years of seniority.

  • Convinced by the fast financing proposed by the platform, ViskonGlass, a company founded 15 years ago, chose October in 2018 to finance its growth.

How many employees?

The companies that finance their business on October have from 1 to 1000 employees. They are mostly SMEs: 98% of the companies financed have less than 125 employees.

The turnover

SMEs that borrow on October are consolidated businesses with a median track record of 14 years and 17 employees. Financially speaking, they are fulfilled companies with median turnover and EBITDA of € 3,2M and € 402K respectively. They already have credit lines with their financial entities.

Types of activity

October supports companies in all sectors. 24% of the companies financed are industries and 20% are commercial companies, mainly transport and e-commerce.

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