Passenger transport services company in Lithuania

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Summary
The Company, established in 2004, provides passenger transportation services by buses to individuals, institutions, corporate and group clients. Services are provided with 18 buses and 4 minibuses. The Company is currently looking for financing of EUR 40,000 for 9 months period in order to increase working capital for fuel and servicing expenses as well as to refinance another loan. The loan is secured with a personal guarantee from the manager. Lenders are offered 16.80% annual (1.40% monthly) interest with a monthly amortization schedule. The Company has been a long-term client of Capitalia with excellent payment discipline.

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 15 years track record of successful operations;
• The loan is secured with a personal guarantee from the manager;
• The Company has a track record of stable growth since the beginning of operations;
Excellent previous cooperation with the Company with total repaid loans of over EUR 70,700.
ID 5396-2016-4
Industry Transport
Location Lithuania
Loan type Standard
Term 9 months
Expected return 16.80%
Interest rate Monthly
Amortisation Monthly
Risk grade C (70 out of 100)
Personal warranty Yes
Collateral No
Capitalia's cofinancing 2000
Target amount 40000
Successfully funded