Working capital financing for well-known retailer of sports inventory

Summary

The Company was established in 2009. The main activity of the Company is the retail sale of sports inventory. The Company’s product range includes skiing, snowboarding, tennis, cycling inventories, sports watches, and more. Currently, the Company has an online store and 3 physical shops with an overall area of 1100 sq. m. The Company is seeking EUR 236,000 working capital financing for 18 months to purchase bicycles, winter sports inventory, and to refinance the remaining EUR 27 thous. loan from Capitalia. Lenders are offered a 12.24% annual (1.02% monthly) interest rate with a monthly amortization schedule. The loan is secured with a pledge on the Company’s assets with a book value of EUR 790 thous. and a personal guarantee of the manager.

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

  • The loan is secured with a pledge on the Company’s assets with a book value of EUR 790 thous. and the manager’s personal guarantee.
  • The Company has no liabilities to other financial institutions.
  • The manager has 12 years of experience in the industry and is running the Company since its’ establishment.
  • The Company is a returning client of Capitalia with an excellent payment discipline and has repaid over EUR 150 thous.
ID 2601-6-LT
Industry Retail
Location Lithuania
Loan type Business loan
Term 18 months
Expected return 12.24%
Interest rate Monthly
Amortisation Monthly
Risk grade B (80 out of 100)
Personal warranty From the manager
Collateral Pledge on the
Company's assets
with a book value of
EUR 750 thous.
Capitalia's cofinancing 25682.46
Target amount 236000
Repaid
This loan is already funded.
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