Expansion financing for a specialty food and deli company

The Company, founded in 2019, imports, produces, and supplies high-quality food products such as marmalades, cheeses, yogurts, and fillets. Its main clients include all K-stores on Åland as well as several K-Citymarkets and K-Supermarkets across Finland. In addition to wholesale operations, the Company has its own retail shop and branded cheese counters in nine K-Supermarkets.
The Company now seeks financing to build and equip a new kitchen in a recently purchased property in central Parainen, Finland. The new location will also house an expanded restaurant area with 50 seats and full alcohol rights, enhancing the customer service capacity.
Therefore, the Company is seeking EUR 31,584 financing for 24 months to purchase kitchen supplies. The loan will carry a 9.72% annual interest rate (0.81% monthly) and it will be amortized monthly. The owner of the Company will provide a personal guarantee for the loan. The project risk rate is C (79 out of 100).There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:
- The Company has a solid equity to assets ratio of 0.53.
- The Company has concluded long term agreements with K-Group stores which will provide a steady and predictable revenue stream.
- The Company has no active financial liabilities.
- The owner of the Company will provide a personal guarantee for the loan