The Company, founded in 2007, provides logging services in Vidzeme and Latgale regions. It owns and operates 2 forwarders and a harvester. The Company’s main client is a large pallet manufacturer in the region, and it provides services to other companies as well. The Company is continuing to experience long debtor days and wishes to top up the existing line of credit to continue the forest works for clients.

Therefore, the Company is seeking EUR 26,350 financing for 36 months for working capital needs. The loan will carry a 10.08% annual interest rate (0.84% monthly) and it will be amortized monthly. A commercial pledge on a harvester PONSSE FOX 8W, as well a personal guarantee from the owner is provided. The project risk rate is B (81 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:

• A  commercial pledge on a harvester PONSSE FOX 8W and a personal guarantee from the owner will be provided.
• The Company has more than 15 years of experience in the industry.
• The Company has a track record of profitability for the last 5 years
• The Company is an existing client of Capitalia with excellent payment discipline.