The Company, founded in 2006, operates an interior design retail store in Piņķi (Riga suburbs) and online. Assortment includes flooring, tiles, plumbing supplies, coloring and similar interior elements which are sold both to privates and real estate developers. 

The Company has reached an agreement with the real estate developer to supply flooring for their development project in Lucavsala, Riga. Currently, there is an order for 1,500m² of floor underlay for one building. Additional orders are expected in several rounds soon. In total, there are 12 such buildings in this specific real estate project that the sides are planning to partner on. The project operates with post-payment terms for each round. 

Therefore, the Company is seeking a working capital loan of EUR 30,900 for a 6-months term to support the flooring order for this real estate development project. The loan will carry a 13.92% annual interest rate (1.16% monthly) and it will be amortized at the end of the term. The Company is an existing Capitalia client with excellent payment discipline. The majority shareholder will provide a personal guarantee for the loan. The project risk rate is C (72 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 shareholder will provide a personal guarantee for the loan.
• The Company has 14 years of experience in the market.
• The source of the repayment of the loan is clear and predictable.
• The Company is an existing client of Capitalia with excellent payment discipline and has already repaid nine loans of EUR 298,929 in total.