Leading cleaning services provider in Lithuania (V)Back to all Lending opportunities
A well established and leading office and car cleaning company with 20 years of successful operations is looking for short term financing to complete opening of two additional tunnel car wash stations in Vilnius and in Klaipėda, Lithuania. Company has 6 hand wash stations, 6 tunnel wash stations and 8 self-service wash stations in Vilnius, Kaunas, Klaipėda and Molėtai, as well as does daily cleaning of more than 360 offices. All services are done by 500+ employees. The Company is seeking for 102,500 EUR financing for 6 months in order to cover ongoing expansion costs. Investors are offered 12% annual interest rate with monthly interest payments and principal repayment at the end of the term.
There is a number of factors that make lending to the Company an attractive opportunity and the main highlights are the following:
- The company has significant 20 years track record of successful operations in the cleaning industry;
- Favorable economic cycle stage where consumer spending is growing;
- Diversified sources of income from 4 main fields of cleaning operations, and an equal split of retail and B2B sales;
- Financing attracted due to expansion in tunnel wash stations market;
- A guarantee is provided by two key shareholders who hold 80% of shares.