The Company founded in 2010 is primarily a retailer of electronics. The Company operates a physical store in Rīga as well as e-commerce stores in all Baltic countries. It specializes in the sale of GPS devices, drones, sports watches and more. The Company is an official distributor and representative of many internationally known brands. The Company also operates in the wholesale business, selling thermal devices to the largest hunting stores in the Baltics.

The active hunting and optics sales season will start only in a few months, but the Company’s B2B clients have not managed to sell all the goods which had been delivered previously. In order to timely receive new models from the supplier for the new hunting season the Company has to cover the payments now.  

Therefore, the Company is seeking EUR 77,250 financing for 12 months to settle with suppliers for inventory. The loan will carry a 10.08% annual interest rate (0.84% monthly) and it will be amortized monthly. The owner of the Company will provide a personal guarantee for the loan. The project risk rate is B (84 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 has more than 14 years of experience in the retail industry.
• The owner of the Company will provide a personal guarantee for the loan.
• The Company has a proven track record of growth and profitability, operating with profit since 2015.
• The Company has a well recognized brand in the Latvian market.