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Working capital financing for a growing manufacturer of saunas and hot tubs (IV)

Summary
The Company was established in 2017. The main activity of the Company is the manufacturing of hot tubs and saunas. The major part of the production is exported to Scandinavia and Western Europe. Upcoming spring and summer is the active season for the Company, therefore, the Company is seeking EUR 123,456 financing for 12 months to purchase raw materials, pay suppliers, and increase production. The loan will carry a 10.20% annual interest rate (0.85% monthly) and it will be amortized monthly. The loan will be secured with the secondary pledge (first-row pledge is held by Capitalia with an active principal of EUR 153 thous.) on the Company’s inventory and receivables as well as a personal guarantee from the business owner.

The project risk rate is A (93 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 loan is secured with a pledge on the Company’s inventory and receivables as well as a personal guarantee from the business owner.
  • The management has more than 12 years of experience in the industry and has been running the Company since its establishment.
  • The Company has a track record of growth and profitability.
  • The Company is returning client of Capitalia with excellent payment discipline and EUR 307 thous. of repaid loans.
ID 15544005-LT
Industry Manufacturing
Location Lithuania
Loan type Business loan
Term 12 months
Expected return 10.20%
Interest rate Monthly
Amortisation Monthly
Risk grade A (93 out of 100)
Personal warranty Yes
Collateral Secondary pledge of
inventory and
receivables with a
book value of EUR
1,353,560
Target amount 123456
Successfully funded
This loan is already funded.
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Capitalia is the leading financer for small and medium enterprises in the Baltic sea region. Operating since 2007 we have financed more than 5000 businesses investing over EUR 100 million in their development.

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