Expansion financing for the safari amusement park operator (VI)

Summary

The Company was established at the beginning of 2020. The Company's main activity is managing the Safari park in Lithuania. In the fenced 50-hectare park, the Company has more than 200 animals - zebras, fallow deer, black African ostriches, Highland horns, llamas, alpacas, mouflons, donkeys, Welsh ponies, camels, buffaloes, and more. All animals can be observed from a jeep that the clients rent and drive freely throughout the park. The park also has a pizzeria, and trampoline park, and hosts entertainment events and birthdays. Real estate and animals are owned by the Company’s owner’s father, who is a farmer. The Company is constantly improving its park and is seeking additional financing of EUR 24,639 for 15 months to purchase equipment and cover seasonal expenses. The loan will carry a 6.96% annual interest rate (0.58% monthly) and it will be amortized in July, August and September of 2024 and 2025

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 a default. In addition, the owner will provide a personal guarantee for the loan.

The Company is an active client of Capitalia and has repaid more than EUR 95 thous. of loans with excellent payment discipline.

Project risk is A+ (100 out of 100) due to the guarantee instrument provided by the European Investment Fund.

Client risk: A (93 out of 100)

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.
  • The loan is secured with a personal guarantee from the owner.
  • The Company is an active client of Capitalia and has repaid more than EUR 95 thous. of loans with excellent payment discipline.
ID 15163006-LT
Industry Amusement park
Location Lithuania
Loan type Business loan
Term 15 months
Expected return 6.96%
Interest rate Monthly
Amortisation In July, August and September of 2024 and 2025
Risk grade A+ (100 out of 100)
Personal warranty Yes
Collateral Capitalia buyback
guarantee
Target amount 24639
Successfully funded
This loan is already funded.
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