Working capital financing for an experienced naval 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 signed 2 large contracts for a delivery of shipping maintenance equipment whose completion requires additional working capital to settle with suppliers and purchase additional parts and equipment.

Therefore, the Company is seeking EUR 35,070 financing for 3 months for working capital - to purchase stock and pay to suppliers. The loan will carry a 9.72% annual interest rate (0.81% 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 (78 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 Company is an existing client of Capitalia with an excellent payment discipline.
  • The Company has a well established client base and has operated since 2009.
  • The majority owner of the Company will provide a personal guarantee for the loan.
ID 18033004-EE
Industry Ship maintenance
Location Estonia
Loan type Business loan
Term 3 months
Expected return 9.72%
Interest rate Monthly
Amortisation At the end of the loan term
Risk grade C (78 out of 100)
Personal warranty From owner
Collateral None
Target amount 35070
Successfully funded
This loan is already funded.
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