The Company operates in the Freeport of Riga as a stevedoring service, logistics and warehouse management provider, and industrial equipment rental company. The main activity is the provision of bulk cargo storage services for exporters.

The Company has recently bought two hangars for cargo storage for the total amount of EUR 532,000 from Lithuania. The Company has used the opportunity to acquire hangars for below market price, but had to use its own funds to complete the purchase in time.

Therefore, the Company is seeking EUR 314,400 financing for 36 months to restore the available  working capital for smooth operations. The loan will carry a 12.24% annual interest rate (1.02% monthly) and it will be amortized monthly. The loan will be secured with a commercial pledge on two hangars (purchase value of EUR 532,000), and a ship mortgage on five floating fuel stations (balance sheet value of EUR 181,502). Additionally, a personal guarantee from one of the owners will be provided. The project risk rate is A (90 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 loan will be secured with a commercial pledge on two hangars (purchase value of EUR 532,000) and a ship mortgage on five floating fuel stations (balance sheet value of EUR 181,502).
• A personal guarantee from one of the owners will be provided.
• The Company has an outstanding equity-to-assets ratio of 81%.
• The Company has over 10 years of experience in stevedoring services.