Cleaning solutions provider in Estonia

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Summary
The Company is operating since 2004 and is selling various cleaning solutions – aerosols, stain removers, auto chemistry. The products are imported from the USA and sold in the Baltics. Now, due to Covid-19, the demand for the company’s products has increased and the Company is looking for a EUR 52,363 loan for 12 months to increase its supply. The Company is an existing Capitalia client with an excellent payment discipline, and the loan is secured with the owner’s personal guarantee as well as with a general asset pledge. The loan will carry a 12.36% annual interest rate (1.03% monthly) and it will be amortised monthly. 

There is a number of factors that make lending to the Company an attractive opportunity and the main highlights are the following:
  • The Company is an existing client of Capitalia with an excellent payment discipline;
  • The loan is secured with a general asset pledge on the Company’s assets and a personal guarantee from the owner;
  • The Company is operating in an industry which benefits from Covid-19 crisis due to increased demand.
ID 7979-2017-8
Industry Wholesale and retail trade
Location Estonia
Loan type Business loan
Term 12 months
Expected return 12.36%
Interest rate Monthly
Amortisation Monthly
Risk grade B (85 out of 100)
Personal warranty From owner
Collateral Fixed assets and inventory pledge
Capitalia's cofinancing 3363
Target amount 52363
EUR 50,109.92 financed