Experienced wholesale and retail Company of office equipment and watches in Latvia (III)

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Summary
The Company was founded in 1991 and operates in 3 industries –  office equipment retail and wholesale, Swiss watches retail and sports timing devices retail. Altogether the Company has 3 retail watch stores and 1 office equipment store in Riga. Currently the Company is seeking a EUR 5,189 working capital loan for 2 months to supplement the inventory and buy Office equipment during the quarterly sale of the regular supplier in Poland. The loan will carry a 14.04% annual interest rate (1.17% monthly) and it will be amortised at the end of the term. The loan is secured by two personal guarantees from the board members of the Company.
 
The Company is a repeated client of Capitalia and has successfuly repaid 5 loans in the total amount of EUR 134,000. The current loan with a remaining principal of EUR 4,716 has been serviced with an excellent payment discipline.

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:
  • The Company has 29 years of experience in the wholesale and retail field.
  • The Company is an existing client of Capitalia, showing an excellent payment discipline by having repaid five loans on time.
  • The loan is secured with two personal guarantees.
ID 11972-8-LV
Industry Retail, wholesale
Location Latvia
Loan type Business loan
Term 2 months
Expected return 14.04%
Interest rate Monthly
Amortisation At the end of the term
Risk grade C (70 out of 100)
Personal warranty From two owners
Collateral None
Capitalia's cofinancing 1189
Target amount 5189
Successfully funded