Financing for a parquet production company

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Summary
The Company was established in 1994 and has 2 business activities - producing parquet flooring and selling vehicle spare parts. The Company has its manufacturing site where it produces parquet flooring that is sold mainly to Western-European countries. Vehicle spare parts are delivered to logistics companies. Currently, the Company is seeking EUR 21,000 financing for a 24-month term to purchase 2 technological devices for parquet manufacture. Investors are offered 7.68% annual (0.64% monthly) interest with monthly interest payments and principal repayments starting from the 4th month. The loan is fully secured with 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 with the European Investment Fund guarantee and the owner’s personal guarantee.
  • The Company has a significant equity-to-assets ratio of 60%.
  • The Company has a long operating history of over 20 years.
ID 13505-2-LV
Industry Manufacture
Location Latvia
Loan type Business loan
Term 24 months
Expected return 7.68%
Interest rate Monthly
Amortisation Starting from 4th month
Risk grade A+ (100 out of 100)
Personal warranty Form owner
Collateral Full guarantee from European Investment Fund
Capitalia's cofinancing 3000
Target amount 21000
Successfully funded