Working capital financing for an experienced forestry company (II)
Founded in 2010, the Company operates in the forestry and logging industry. The Company provides forest cutting and pulling services in the region of Trakai and Ukmergė, with the Company’s largest client being a state forestry company. Recently, the Company has been experiencing increased workflow from public tenders.
Therefore, the Company is seeking EUR 31,317 working capital financing for 12 months to purchase fuel, spare parts and pay salaries. The loan will carry an 11.88% annual interest rate (0.99% monthly) and it will be amortized monthly. The financing will be secured with a personal guarantee from the owner.
The Company is a returning client of Capitalia, who repaid EUR 100 thous. of loans with excellent payment discipline.
The project risk rate is B (80 out of 100).There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:
- The Company has 15 years of experience in the industry.
- The financing is secured with a personal guarantee from the owner.
- The Company has already repaid 5 Capitalia loans in the total amount of EUR 102,627.
- The Company’s main client is a state institution.