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Rotor DC is a Brussels-based cooperative that gives a second life to construction materials and furniture sourced from demolition sites or surplus stock. Stone, doors, lamps, chairs, and many other items are recovered, documented, and refurbished to facilitate their reuse.
Displayed in our physical store in Evere and available online, our products are aimed at both professionals (architects, interior designers, contractors) and individuals looking to enhance their projects.
What did you finance with your Proxi Loan?
Our relocation, a tile refurbishment machine for reclaimed tiles, and an increase in our working capital.
Why the Proxi Loan?
We started and operated for several years entirely with our own funds, ensuring the company’s viability before seeking more substantial financing.
When we needed to finance our relocation, the idea of borrowing emerged, and that is how we discovered the Proxi Loan. In the past, we had already obtained loans from private individuals.
The Proxi Loan appeared to be an attractive opportunity to raise funds while benefiting from the support of people close to us who wanted to back our project. It enabled us to raise capital with reasonable commitments: we chose a repayment schedule spread over five years, with modest instalments and the lowest legal interest rate.
How do you talk about the Proxi Loan with people close to you?
We prepared a brochure explaining what we wanted to finance, as well as financial information about our company (results, accounts, etc.). We then shared it with people around us.
What appealed to your lenders?
The project above all!
Many people were attracted by our initiative and expressed a genuine desire to support us. They were then further convinced by the additional benefits, such as the attractive interest rate, tax advantages, and the guarantee provided by the scheme.
Would you recommend the Proxi Loan?
Yes. It requires some preparation and administrative work, but the product is straightforward and opens the door to other forms of financing, whether through banks or through finance&invest.brussels.
Since then, we have submitted several financing applications, including COOP US and RISE UP, for example, through finance&invest.brussels.
Any advice for successfully raising funds with a Proxi Loan?
Be well prepared!
We created an explanatory guide to help our lenders complete the loan application form on the platform. We also provided careful support throughout the process, with the assistance of finance&invest.brussels, which proved invaluable whenever we had questions.
