Expansion financing for “Narvesen” franchise shop and car rental company
Kokkuvõte
The Company, established in 2017, has 2 business directions. The main part or approximately 70% of the Company's income comes from operating a retail shop in Talsi city under “Narvesen” brand. Additionally, 30% of the Company’s income comes from car rental service provided in the Kurzeme region – Talsi, Kuldīga, Ventspils. The Company has 6 cars that are offered for rent. Currently, the Company is seeking EUR 15,750 financing for 36 months to purchase 3 additional used cars for rental business. The loan will carry a 7.08% annual interest (0.59% monthly) with a monthly amortization schedule. The loan is fully secured with a guarantee from European Investment Fund as well as a personal guarantee from the owner.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 fully secured with a European Investment Fund guarantee and the owner's personal guarantee.
- The Company has a significant equity-to-assets ratio of 53.7%.
- The Company has been profitable for the last 3 years.
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