The Company, established in 2012, is an IT company that has developed and is managing its online employee management system. In addition, the Company owns commercial real estate in Liepāja city that is leased out to a related company for retail store operations. 

Currently the Company requires additional financing to purchase stock for the related company prior to the start of the winter season and to cover some of the payments for the stock for the summer season.

Therefore, the Company is seeking EUR 51,987 financing for 12 months for working capital. The loan will carry a 12.36% annual interest rate (1.03% monthly) and it will be amortized starting from the 4th month. There will be provided guarantees by two related companies as well as two personal guarantees - by the owner of the Company and the owner of the related companies. The loan will be secured with guarantees from two related companies as well as personal guarantees from the 2 owners of these Companies. The project risk rate is C (78 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 will be secured with guarantees from two related Companies as well as two personal guarantees from the owners of these Companies;
• The Company has more than 12 years of experience in the IT industry;
• The Company has a strong track record of profitability;
• The Company has a significant equity-to-assets ratio of 72%.