The Company, established in 2018 and based in Riga, operates a business in construction of residential and non-residential buildings. The Company mostly works as a subcontractor to some of the largest Latvian construction companies, and currently has three ongoing construction projects. Additionally, since 2019, the Company has been the General Contractor in the construction of buildings for a known grocery store chain in Latvia. At the moment, four such stores have been built and there is a contract provision for the construction of a new store in Olaine and reconstruction of a store in Riga, Plavnieki. 

Currently, the Company is seeking EUR 57,796 in financing for 24 months to insure extra working capital for the ongoing subcontractor projects. The loan will carry a 12.6% annual interest rate (1.05% monthly) and it will be amortized monthly on a 36-month schedule. The owner of the Company will provide her personal guarantee. The Company will also provide an all-asset pledge as well as a pledge on movable property (two cars and a front-end loader). 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:

• An all-asset pledge as well as a pledge on movable property which includes two cars and a front-end loader will be provided.
• The Company’s equity-to-assets ratio significantly exceeds the industry benchmark, standing at a strong 58%.
• The Company works with some of the largest and known construction companies in Latvia and has a strong pipeline of active projects.
• A personal guarantee of the owner is provided.