The Company founded in 1992 is a family-run business that provides logging and log transportation services. Since 2008 the Company has provided services to state company Latvijas Valsts Meži, which is the main client. Additionally, it has been working with one of the largest private logging companies in Latvia since 1999. The Company operates 3 harvesters, 3 forwarders, and 8 log transportation trucks. Currently, the Company is actively investing its own funds to replace older equipment and machinery which could lead to short term gaps in working capital.

Therefore, the Company is seeking EUR 51,000 financing for 6 months to ensure seamless operations, settle with suppliers and employees. The loan will carry a 10.68% annual interest rate (0.89% monthly) and it will be amortized monthly. A personal guarantee of the Company’s manager is provided. The project risk rate is B (87 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 30 years of experience in the logging industry.
• A personal guarantee of the Company’s manager is provided.
• The Company’s main clients are a state institution and one of the largest private companies in the industry.
• The Company is an existing client of Capitalia with excellent payment discipline and has successfully repaid more than EUR 240,000 loan principal since 2022. 
• In 2023, the Company reached its record turnover exceeding EUR 4.8M.