The Company was founded in 2020 by the former chief engineer of a market leading dewatering pump rental company in Latvia. The Company engineers and produces innovative industrial dewatering pump systems. The systems are unique due to their light weight, movability, and proprietary IT software. The Company’s main clients are dewatering pump rental service providers in Europe, US, and New Zealand. 

Currently, the Company is mostly producing its products on demand after receiving an order. The order fulfillment time is 12-16 weeks. However, as it is actively growing its international client network and experiencing strong demand for its products, there are some clients which it loses due to the relatively long production time. Therefore, the Company is looking to produce an inventory which could be offered to new potential clients immediately. 

Therefore, the Company is seeking EUR 408,000 financing for 12 months to settle with suppliers. The loan will carry a 11.88% annual interest rate (0.99% monthly) with monthly interest payments and it will be amortized at the end of the loan term. The loan repayment will come from the sale of produced units and fulfilled orders. Both shareholders will provide a personal guarantee for the loan. The project risk rate is B (85 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:

• Both shareholders of the Company will provide a personal guarantee for the loan.
• The owners of the Company have extensive experience and a proven track record in the dewatering pump industry.
• The Company has established an international client network and experiences demand for its products worldwide.
• The Company has already exceeded EUR 4M turnover and EUR 200k net profit in the first nine months of 2024.
• The Company is an existing client of Capitalia with excellent payment discipline and has successfully repaid EUR 408,000 of loan principal.