Working capital financing for a growing and profitable sawmill
The Company, founded in 2013, operates a sawmilling plant near Smiltene. It manufactures parts for wooden pallets and packaging materials. The Company buys roundwood and saws it in thin and little planks. The Company has several well-known large clients – wooden pallets producers. The Company is purchasing a modern sawing line to significantly increase the output and efficiency of production. The Company is investing a significant amount of its own capital and receiving financing from Altum. However, it will only receive VAT repayment after the delivery of the machinery in several months' time, leading to a gap in working capital until then.
Therefore, the Company is seeking EUR 51,990 financing for 14 months to settle with suppliers and employees. The loan will carry a 10.68% annual interest rate (0.89% monthly) and it will be amortized monthly. The majority owner of the Company will provide a personal guarantee for the loan. The project risk rate is B (81 out of 100).There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:
- The majority owner of the Company will provide a personal guarantee for the loan.
- The Company and its owners have more than 10 years of experience in the respective industry.
- The Company has a track record of profitability.
- The Company is an existing client of Capitalia with an excellent payment discipline.
Latvia 
Lithuania 
Estonia