Working capital financing for an experienced marine spare part trader

Summary

The Company was founded in 2009 and specializes in providing spare parts, developing engineering projects, and marine services to fleets worldwide. The Company works with mostly large sea transportation companies and large shipyards.

The Company has recently received 4 contracts for a delivery of shipping maintenance equipment whose completion requires additional working capital to settle with suppliers and purchase additional parts and equipment due to long credit terms with buyers.

Therefore, the Company is seeking EUR 16,770 financing for 3 months for working capital - to purchase stock and pay to suppliers. The loan will carry a 11.52% annual interest rate (0.96% monthly) and it will be amortized at the end of the term. Personal guarantee from the majority shareholder will be provided. The project risk rate is C (76 out of 100).

Key investment highlights

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

  • The majority owner of the Company will provide a personal guarantee for the loan.
  • The Company has no financial liabilities and the Equity-to-Asset ratio is strong at 46%.
  • The Company has a well established client base and has operated since 2009.
  • The Company is an existing client of Capitalia with excellent payment discipline.
ID 18033002-EE
Industry Ship maintenance
Location Estonia
Loan type Business loan
Term 3 months
Expected return 11.52%
Interest rate Monthly
Amortisation At the end of the term
Risk grade C (76 out of 100)
Personal warranty From owner
Collateral None
Target amount 16770
Repaid
This loan is already funded.
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