Founded in 2012, the Company is an investment and consulting company of a single shareholder who holds extensive experience in the food catering business in Latvia. The Company also holds 49% of the shares of a well-known and reputable catering business in Latvia. The Company's owner is working on a new-concept catering project where the first branch was opened last year and the second location will be ready for opening in a couple of months. In August 2022 the Company received EUR 153,000 loan from Capitalia to partially finance further development of the new catering business and also other business projects of the Company’s owner. Currently, the Company is seeking EUR 256,003 financing for 12 months to fully refinance the previous loan and to continue investments in the Company’s owners’ business projects. The loan will carry a 13.56% annual interest rate (1.13% monthly) with monthly interest payments and principal repayment at the end of the term. The loan will be secured with a mortgage on two rural properties in Ainaži parish, worth EUR 305,000, based on Latio valuation. The resulting loan-to-value is 84%. A personal guarantee from the owner is provided as well.

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 real estate pledge with a value of EUR 305,000 and with an LTV of 84%.
• The Company is a repeat Capitalia client and has repaid over EUR 1M in loans with excellent payment discipline.
• The shareholder has 30 years of experience managing a well-known and reputable food catering business.
• The Company is a 49% direct shareholder of a reputable and well-known catering business in Latvia.
• The Company has a significant adjusted equity capital of 5.448M.