Secured financing for a tombstone manufacturing and cemetery maintenance company

Summary

The Company was established in 2013 by its current shareholder and manager. The main activity of the Company is the production of tombstones, monuments and their parts, maintenance of cemeteries, and wholesale trade of granite and other stones. Currently, the Company has increased demand for wholesale of granite and other stone.

Therefore, the Company is seeking EUR 52,343 financing for 24 months to pay suppliers and purchase additional stock. The loan will carry a 14.04% annual interest rate (1.17% monthly) and it will be amortized partially with a major principal payment at the end of the loan term. The financing will be secured with a pledge of two garage buildings and an old shop building with a market value of EUR 78,200 (67% LTV) and a personal guarantee from the business owner. The project risk rate is C (76 out of 100).

Key investment highlights

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

  • The financing will be secured with a pledge of two garage buildings and an old shop building with a market value of EUR 78,200 (67% LTV);
  • A personal guarantee from the business owner will be provided;
  • The management of the Company has more than 10 years of experience in the industry.
ID 02671008-LT
Industry Manufacturing
Location Lithuania
Loan type Business loan
Term 24 months
Expected return 14.04%
Interest rate Monthly
Amortisation Partial, with major principal payment at the end of the loan term
Risk grade C (76 out of 100)
Personal warranty Yes
Collateral Pledge of three
buildings with a
market value of EUR
78,200
Target amount 52343
Cancelled