New partner: Microlease

December 16, 2022 Ernest Partners

👏 Another happy client right here!

Ernest Partners is proud to announce that we succeeded to secure long term growth financing for Microlease!

📍 Founded in 2019 by Simon Van Ormelingen and Michaël Corstiaens, Microlease is an equipment renting company offering renting solutions for small entrepreneurs/companies:

▪ Microlease purchases the equipment and rents it to its clients, saving them from the steep initial investment costs
▪ The equipment ranges from e-bikes to trailers and from beauty chairs to lawnmowers, all with an initial investment between €1.000 and €60.000

📋 Microlease offers a fast, personalized service, adapted to their clients with very easy contracting.

Simon and Michael know the market by heart, as they have already been operating as leasing brokers since 2009 with their company Profilease.

A substantial funding was the only missing link for Microlease to live up to its offer in the Belgian Market.

💡 After a deep analysis from Ernest’s Team – Peter FrijnsDavid Dumoulin & Nicolas van Klinkenberg – Ernest Partners developed a dynamic financial model with an ambitious but highly substantiated forecast for the next 5 years.

With this model and pitch, Ernest’s team explained to financiers why it is interesting to step in. Altogether, a funding of 3,8 million was raised consisting of bank funding and a subordinated PMV loan.

🤝 We want to thank everyone who was involved and we would like to add we really enjoyed working on this file because of the very pleasant cooperation with the team of Microlease.

Want to know how to become a success story? Contact us at Ernest Partners!