Financing for hydroelectric power plant operator (IV)
The Company is a hydro electro power station in Nereta, Latvia since 2013. Electricity is sold for market prices to one of the main energy suppliers in Latvia. Currently, the Company is seeking EUR 10,405 working capital financing for 12 months to do the annual maintenance of turbines. The loan will carry a 6.60% annual interest rate (0.55% monthly) with a monthly amortization schedule. The financing benefits from a guarantee from the European Investment Fund which allows Capitalia to provide a buyback guarantee in case such guaranteed loan becomes default. In addition, the loan is secured with a personal guarantee from the owner.
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 guaranteed loan becomes default.
- The loan is secured with a personal guarantee from the owner.
- The Company has 9 years of experience in the industry.
- The Company is an existing client of Capitalia with an excellent payment discipline.
- The Company has a track record of profitability.