Short term working capital financing for a military supplies wholesaler
Summary
The Company is a Latvia-based supplier of military and rescue equipment, serving national defense and rescue institutions through open procurement tenders. The Company has recently secured a contract with the State Centre for Defence Logistics and Procurement to deliver military goods for the Armed forces. To fulfil this order, the Company requires financing to make the first payment for the delivery of these goods.
Therefore, the Company is seeking EUR 51,932 financing for 5 months to purchase goods. The loan will carry a 9.60% annual interest rate (0.80% monthly) and it will be amortized at the end of the term. For this loan 2 personal guarantees as well as a guarantee from a related Company (hereinafter, Guarnator) will be provided. The project risk rate is C (75 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 repayment of the loan will be based on an already signed agreement with the State Centre for Defence Logistics and Procurement (VALIC).
- The Company has worked with VALIC in the past and all previous deliveries have taken place without any complications.
- For this loan, 2 personal guarantees, as well as a guarantee from a related Company will be provided.
Latvia 
Lithuania 
Estonia