Professional retail trader of used cars

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Summary
The 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.
ID 6625-2016-2
Industry Retail trade
Location Latvia
Loan type Standart
Term 24 months
Expected return 15%
Interest rate Quarterly
Amortisation Quarterly
Risk grade B (80 out of 100)
Personal warranty Yes
Collateral Land plot in Ādaži worth EUR 161k
Capitalia's cofinancing 6000
Target amount 104000
Successfully funded