Marketing financing for an innovative blender manufacturer (II)
Founded in 2015, the Company created the Millo blender. Millo is powered by a brushless engine with an integrated magnetic coupling. This innovative technology, called Magnetic Air Drive, was developed and patented by Millo’s Founder and CEO. The Company sells the blender on its website getmillo.com, through retailers and on Amazon. Currently, the Company is seeking EUR 25,000 financing for 6 months to finance marketing and operating expenses. The loan will carry a 6.60% annual (0.55% monthly) interest rate with monthly interest payments and principal repayment at the end of the term. 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.
Altogether the Company will receive financing with the European Investment Fund guarantee in the amount of EUR 50,000. However, the amount is divided into two separate financing projects, EUR 25,000 each.
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 Company has raised a total of EUR 1.5 million in investment.
- The Company is managed by highly experienced individuals in business development, sales, engineering and marketing fields.