Project financing for an experienced technology company
The Company, established in 2010, develops, assembles, and does maintenance of various technological equipment. Currently, the Company's main income comes from its agreements for maintenance and calibration of speed measuring equipment for police, maintenance for other measurement equipment on the roads, and maintenance of meteorological and public air quality surveillance equipment. Long-term agreements are signed directly with state and municipality-owned organizations and companies. The Company also participates in tenders for the purchase of different technological equipment that requires specific technological knowledge. Currently, the Company has received 3 separate orders for delivery and assembly of technological equipment. The total agreement sum is EUR 121,649. To finance the purchase of equipment from manufacturers, the Company is seeking EUR 51,590 project financing for 3 months. Investors are offered 13.92% annual (1.16% monthly) interest with monthly interest payments and principal repayment at the end of the term after receiving payments from clients for delivered equipment. The loan is secured with 2 personal guarantees from both beneficial owners.
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 by 2 personal guarantees from both beneficial owners.
- The Company has more than 10-year experience in the industry.
- The Company has a significant equity-to-assets ratio of 48.7%.
- The loan has a clear repayment structure that is linked to the delivery of specific orders.