The Company was founded in 1993, originally as the official representative of the German manufacturer Amazonen-Werke in Latvia. Over three decades, it has grown from a small agricultural business into a group structure that includes an agricultural machinery sales organisation, a farming company and a training division focused on agronomy and machinery operation expertise. The Company is regarded as one of the most established players in Latvia’s agricultural machinery trade, with a broad farmer client base and long-term cooperation with its key international suppliers.

The Company is seeking short-term bridge financing to support working capital needs ahead of a planned refinancing. The funding will enable the Company to meet bank requirements for a new credit facility, which is expected to significantly improve liquidity and capital availability.

Therefore, the Company is seeking EUR 307,920 financing for 6 months to secure additional working capital. The loan will carry a 11.04% annual interest rate (0.92% monthly) and it will be amortized at the end of the term. The Owner of the Company will provide a personal guarantee for the loan. The project risk rate is B (86 out of 100). The total approved financing limit for the project is EUR 513,200, this is the second tranche. Previously financing EUR 205,280 was fundraised and issued.

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

• The owner of the Company will provide a personal guarantee for the loan.
• The Company has been operating in the farming industry for over 33 years.
• The Company has a well-diversified and broad customer base of over 2,000 farming clients across Latvia.