Expansion financing for the safari amusement park operator (VI)
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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)
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.