Working capital financing for a retailer of fertilizers
Kokkuvõte
The Company started its activities in 2019. The main activity of the Company is the trade of fertilizers, chemicals, herbicides and other plant protection products for farmers and agricultural companies. The Company experiences a shortage of working capital, as it sells mainly in the spring and summer, and receives the payments after the harvest or after the farmers receive payments from the state. Therefore, the Company is seeking EUR 25,000 working capital financing for 21 months to pay suppliers and cover daily expenses. The loan will carry a 6.60% annual (0.55% monthly) interest rate with the repayment at the 9th and 21st months. The loan is fully secured by a guarantee from the European Investment Fund as well as a personal guarantee from the business 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 owner's personal guarantee.
- The management has over 25 years of experience in the industry.
- The Company has been profitable since its establishment.