Founded in 2010, the Company specializes in construction project management and engineering network design and construction. The Company works both as a general builder and as a subcontractor, participating in public procurements and providing services to large Latvian and European construction companies. The Company itself constructs the engineering and electrical networks while most of the other construction work is subcontracted. In addition, there are related companies that partly provide the needed workforce. Altogether, the Company and its related companies employ around 50 people.

The Company has finished planning works and started active construction works in a large state-funded construction project worth EUR 3.2m. The Company has paid the required security deposit for agreement execution of EUR 220,000, freezing its own working capital for 9 months until the completion of the project Therefore, the Company is seeking working capital financing of EUR 138,240 for 12 months to purchase materials, settle with suppliers and employees, and execute the construction project. Investors are offered a 12.6% annual interest rate (1.05% monthly) with a monthly amortization schedule. The loan will be secured with a commercial pledge on the Company’s assets with a book value of EUR 2,473,223. In addition, the owner and 2 related companies will provide guarantees for the loan as well. The project risk rating is C (78 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 loan will be secured with a commercial pledge on the Company’s assets with a book value of EUR 2,473,223.
• The owner and 2 related companies will provide guarantees for the loan.
• The Company has over 10 years of experience in the construction industry and has been profitable every year since its establishment.
• The loan repayment is mainly linked to specific project execution with a total value of EUR 3.2m.
• The Company is an active client of Capitalia with excellent payment discipline.