The Company is a grain farm that operates in the Latgale region of Latvia. The Company has been operating since 2012, it is a bio grain producer and has received numerous awards. The Company cultivates 2,300 ha of land, of which 300 ha is owned by the Company while the rest is leased.

The Company requires working capital financing for the active farming season, to purchase minerals, fuel, pay salaries and other working capital related expenses.

Therefore, the Company is seeking EUR 72,472 financing for 6 months. The loan will carry a 10.2% annual interest rate (0.85% monthly) and it will be amortized at the end of the term, the loan will be repaid from the proceeds of the sale of grain in December. The loan will be secured with a pledge on a grain harvester, with an estimated market value of EUR 107,200. In addition, the owner of the Company will provide a personal guarantee for the loan. The project risk rate is A (90 out of 100).

Altogether Capitalia has accepted financing for the Company in the amount of EUR 206,120. The second tranche will be in the amount of EUR 133,648. For the second tranche only a guarantee from the owner will be provided.

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 pledge on a grain harvester with an estimated market value of EUR 107,200.
• The owner of the Company will provide a personal guarantee for the loan.
• The turnover of the Company has been growing constantly since 2019 and in these years the Company has always been profitable.
• The majority of the Company’s liabilities are long-term and the company has no short-term financial liabilities.