Professional retail trader of used carsBack to all Lending opportunities
SummaryThe Company was established in 2005 and its core business is retail sales of used cars. Supplementary business directions are full-service leasing and car repair shop. Cars for sale are not older than 5 years and are imported from Germany, Sweden, and other Western European countries. All cars are checked and have a producers or Company’s guaranty as well as original mileage and service history. Currently, the Company is looking for additional financing of EUR 104,000 for 24 month-period to import more cars and optimize transportation costs. The loan is secured with a land pledge in Adaži with an estimated market value of EUR 161,000 and a personal warranty of the owner. The loan will carry 15.00% annual interest rate (1.25% monthly) with a quarterly repayment schedule.
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 been successfully operating for 13 years;
- The Loan is secured with land pledge with LTV 64%;
- Owner and manager has more than 13 years of experience in the industry;
- Financing is raised to facilitate further growth of the Company.