The Company, established in 2004 and based in Riga, is engaged in the wholesale of industrial equipment and component goods such as seals, machinery belts, gears, chains, bearings, and related items. The Company employs seven people and sells its products through their online store and via more than 40 active partners, where specialized product stands are primarily located across Latvia. It also cooperates directly with companies involved in pellet production and sawmills engaged in sawn timber manufacturing. The Company is seeking to refinance an existing Capitalia loan which was used to release a pledge which could be used for financing a new development project of a related company.

Therefore, the Company is seeking EUR 228,549 financing for 24 months. The loan will carry a 9.24% annual interest rate (0.77% monthly) and it will be amortized monthly. Loan will be secured with a commercial pledge on the Company’s assets. Owner will provide a personal guarantee for the loan. The project risk rate is B (85 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:

• A commercial pledge on the Company's assets will be provided.
• The owner of the Company will provide a personal guarantee for the loan.
• The Company has more than 20 years of experience in their respective industry.
• The loan will not increase the total amount of financial liabilities of the Company.