Expansion financing for retirement home in Lithuania
Kokkuvõte
The Company established the retirement home in 2007. The Company operates as a public care institution and provides long-term and short-term social care and nursing services. The nursing home has 22 rooms that can accommodate 62 people at a time. The elderly are served by qualified specialists: doctors, general practice nurses, nursing assistants, physiotherapists, social workers and social work assistants. The Company is looking for expansion financing of EUR 26,330 for 24 months term to install, repair, buy furniture and prepare a part of the premises for additional accommodation. The loan is secured with two personal guarantees from a business owner and director. Lenders are offered 13.32% annual (1.11% monthly) interest with monthly amortization. The Company has excellent previous payment discipline with Capitalia since 2016 and has repaid over EUR 40 thous. loans.There is a number of factors that make lending for the Company an attractive opportunity and the main highlights are the following:
- Capitalia has had excellent previous cooperation with the Company;
- Financing is secured with two personal guarantees from the manager and shareholder;
- The manager has 13 years of experience in the industry and is running the Company since its’ establishment;
- Growing senior population increases the demand for nursing homes;
- The Company has a track record of growth since the beginning of operations.
Läti 
Leedu 
Eesti