Working capital financing for a powder coating and shot blasting company
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The Company was established in 2001. The Company’s services include powder coating, sand and shot blasting of metal and metal constructions. The Company has lower income months in December and January, while the main projects will start in February. The pipeline includes two larger projects: a NATO project for painting 6km of pipes, and another project for painting 3km of fences. The Company is currently looking for working capital financing of EUR 31,530 financing for 24 months to cover the rent of premises, pay the suppliers, purchase stock, pay salaries, and other daily expenses. Lenders are offered a 12.24% annual (1.02% monthly) interest rate with a monthly amortization schedule starting from the 2nd month. The loan is secured with a pledge on inventory and part of fixed assets. In addition, a personal guarantee from the manager is provided.
The Company has been a long-term client of Capitalia and has repaid over EUR 128 thous. of loans with excellent payment discipline.
The project risk rate is C (79 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 Company's management has over 20 years of experience in this industry;
- The loan is secured with a pledge on inventory and part of fixed assets
- A personal guarantee from the manager is provided;
- The Company has 23 years track record of successful operations;
- Excellent previous cooperation with the Company with total repaid loans of over EUR 128,000.