Expansion financing for a retailer of seafood

Summary

The Company, which was established in 2021, prepares fish and seafood products according to unique recipes (salting, smoking, marinating, preserving, etc.) and sells them as well as fresh/frozen fish and other seafood in a physical store located in the premises of the Maxima (85 sq.m. shop). Currently, the Company is seeking EUR 25,000 financing for 36 months to pay for website/e-shop works, purchase an additional fridge, smoker, and cutting machine as well as expand its product range with Italian products. The loan will carry an 8.04% annual interest rate (0.67% monthly) with a monthly amortization schedule. The financing benefits from a guarantee from the European Investment Fund which allows Capitalia to provide a buyback guarantee in case such guaranteed loan becomes default. In addition, a personal guarantee from the owner is provided.

Key investment highlights

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.
  • A personal guarantee of the owner is provided.
  • During the second year of operation, the Company achieved a turnover growth of more than 100%.
ID 17321-1-LT
Industry Retail
Location Lithuania
Loan type Business loan
Term 36 months
Expected return 8.04%
Interest rate Monthly
Amortisation Monthly
Risk grade A+ (100 out of 100)
Personal warranty Yes
Collateral Capitalia buyback
guarantee
Target amount 25000
Repaid
This loan is already funded.
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