Expansion financing for a takeaway restaurant and catering business in TallinnBack to all Lending opportunities
SummaryThe Company has a sushi and ramen restaurant in Tallinn, near to the modern area of Balti station and Telliskivi. The restaurant was previously owned by a different company, but in March 2020, it was taken over by a new owner. Now the demand is growing and the Company is seeking expansion opportunities. Additionally, the Company provides catering services for events outside the restaurant. Currently, the Company is seeking EUR 10,500 financing for 24 months to purchase new equipment for offsite catering and kitchen, including fridges, a cooler for the drinks and other kitchen utensils. The loan will carry a 7.56% annual interest rate (0.63% monthly) with a monthly amortization schedule. The loan is fully secured by a guarantee from the European Investment Fund as well as a personal guarantee from the owner.
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 fully secured by a guarantee from the European Investment Fund as well as a personal guarantee from the owner.
Covid-19 has a positive impact on the Company’s turnover, because most income is generated from food takeaways, for which the demand increased.