Pledge secured project financing for a specialized construction company
The Company, established in 2015, does specialized construction. The Company’s work includes territory improvement work, minor road construction works, indoor and outdoor minor construction works. The Company currently has one major project that has to be finished by the end of 2021. There are no advanced payments from the customer; the Company has to first execute the works using its own funds. Therefore, the Company is seeking EUR 20,740 project working capital financing for 2 months to finance the execution of one specific project. The loan will carry a 15.96% annual interest rate (1.33% monthly) with monthly interest payments and principal repayment at the end of the term after receiving money for the finished project. The loan will be secured with a commercial pledge on the Company’s assets with a balance sheet value of EUR 211,866 as well as 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 is secured with a commercial pledge on the Company's assets with a balance sheet value of EUR 211,866 and the owner's personal guarantee.
- The loan has a clear repayment structure after the payment will be received for the finished project.
- The owner has over 10 years of experience in the construction industry.