The Company started operations in 2020 and offers short-term rental in module houses in Vidzeme. Currently, there are 2 active locations and altogehter there are 6 houses available for rent. In the last two years, the Company has experienced very high demand throughout the whole year. The houses stand out from the competition with their more luxurious offering.

The Company is looking to expand its operations and open a location in Lithuania. Therefore, it is seeking EUR 25,000 for 36 months to finish the production of additional modular houses. The loan will carry a 8.04% annual interest rate (0.67% monthly) with monthly interest payments and amortization starting from the 7th month. The financing benefits from a guarantee from the European Investment Fund which allows Capitalia to provide a buyback guarantee in case such a guaranteed loan becomes default. In addition, the owner of the Company will provide a personal guarantee for the loan.

Altogether, the Company will receive financing with the European Investment Fund guarantee in the total amount of EUR 50,000. However, the amount is divided into two separate financing projects – EUR 25,000 each.

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

• The loan benefits from a guarantee from the European Investment Fund which allows Capitalia to provide a buyback guarantee in case such a guaranteed loan becomes default.
• The owner of the Company will provide a personal guarantee for the loan.
• The Company has rapidly grown its turnover in the last two years.
• The Company has a significant equity-to-assets ratio of 59%.