The Company is a Latvian manufacturer specializing in wood finishing materials, including acoustic and decorative panels for the construction and interior design industries. Established in 2007, the Company operates in and serves clients throughout Latvia and the wider Baltic region with high-quality wall and ceiling panel systems. Most of the Company’s clients are foreign-based companies, as the need for high-quality perforated acoustic panels in Latvia is relatively small, the Company mostly does business with Eastern European and Scandinavian countries. Recently they have acquired several project deals with German and Norwegian firms, requiring them to expand their operational capacity to manufacture more wood panels. To achieve this, the Company is looking to purchase a new wood perforating machine, a Vitap Micra CNC Microperforating machine (purchase price of EUR 145,000), which will allow it to supply the rapidly-increasing demand demonstrated by the market for specialized panels.

Therefore, the Company is seeking EUR 105,400 financing for 36 months to purchase machinery. The loan will carry a 8.88% annual interest rate (0.74% monthly) and it will be amortized monthly. The newly-purchased machinery will be pledged as a collateral. The manager of the Company has provided a personal guarantee for the loan. The project risk rate is B (82 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 more than 15,000 sq. m in outstanding orders for veneer sheets and panels to be fulfilled by June 2026, which will significantly increase the Company’s turnover.
• The newly purchased machinery will allow the Company to further increase its output.
• The Company has a low amount of financial liabilities.
• The Company has pledged the machine as collateral, and a personal guarantee will also be provided.