The Company was founded in 2000 and it is an apple farm. Currently it manages around 13ha of land. The Company’s main client is the state of Latvia through a program called “Fruit for schools”, furthermore it sells apples to wholesalers and retailers. It receives regular subsidies from the Rural Support Service (RSS). 

The Company has plans to purchase solar panels and put them on the roof of their warehouse. They already have a clear project and have reached an agreement with LAD that would finance part of this project once the solar panels have been installed.

Therefore, the Company is seeking EUR 20,885 financing for 9 months to purchase and set up solar panels. The loan will carry a 11.52% annual interest rate (0.96% monthly) and it will be amortized in November and December 2024 and January, February and May 2025. The majority owner of the Company will provide a personal guarantee. The project risk rate is C (79 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 turnover of the Company has been growing for the past 5 years.
• The equity to assets of the Company in 2023 was 0.64 and has been constantly increasing.
• The majority owner of the Company will provide a personal guarantee for this loan.
• The Company is an existing client of Capitalia with an excellent payment discipline.