Secured financing for a rotating equipment engineering and service company (V)

Summary

The Company specializes in the design, sales, maintenance, and service of rotating equipment such as compressors, gas engines, power generators, filtrations units, monitoring, and production control systems. The Company is currently seeking EUR 103,607 financing for 24 months to finance working capital and make initial prepayments to manufacturers of equipment and parts. The loan will carry a 14.40% annual interest rate (1.20% monthly) and it will be amortized quarterly. The loan is secured with a pledge of residential property in Vilnius with a market value of EUR 144,000 (LTV 72%) and a personal guarantee from the shareholder. The Company has been a client of Capitalia and has repaid over EUR 331,000 of loans.

The project risk rate is C (74 out of 100).
Key investment highlights

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

  • The loan is secured with a pledge of liquid residential property worth EUR 144 thous. (LTV 72%);
  • The manager has over 20 years of experience and its management team has more than 10 years of experience in the industry.
  • The loan is secured with a personal guarantee from the shareholder.
  • The Company has been a client of Capitalia and has repaid over EUR 331,000 of loans.
ID 11538005-LT
Industry Engineering
Location Lithuania
Loan type Business loan
Term 24 months
Expected return 14.40%
Interest rate Monthly
Amortisation Quarterly
Risk grade C (74 out of 100)
Personal warranty Yes
Collateral Pledge on apartment
worth EUR 144,000
Target amount 103607
Successfully funded
This loan is already funded.
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