Well-known street fashion retailer in Lithuania

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Summary
The Company, which was established in 2012, does retail trade of apparel, footwear, and accessories. The Company does sales via own e-shop, Amazon platform and 2 physical retail shops located in the old towns of Vilnius and Kaunas are working under the brand. Currently, the Company is opening a refurbished shop with new products in Vilnius city center. For this opening, the Company is looking for additional financing of EUR 73,000 for 24 months term to purchase additional goods for sale which will be placed in the shop. The loan will be secured with 126 sq.m commercial premises pledge worth EUR 170,000 and three personal guarantees from business owners. Lenders are offered 11.04% annual interest with monthly amortization. The Company is a repeat client of Capitalia and to date has repaid EUR 90,000 of loans.

There is a number of factors that make lending to the Company an attractive opportunity and the main highlights are the following:
  • Financing is secured with liquid real estate collateral (LTV 43%);
  • The management has 12-years experience in the clothing industry;
  • The loan is secured with personal warranties from 2 business owners and additional guaranty from the collateral owner; 
  • Good previous payment discipline with EUR 90,000 repaid loans to Capitalia.
 
ID 8165-2017-3
Industry Retail
Location Lithuania
Loan type Standard
Term 24 months
Expected return 11.04%
Interest rate Monthly
Amortisation Monthly
Risk grade A (90 out of 100)
Personal warranty From owners
Collateral Commercial real-estate worth EUR 170000
Capitalia's cofinancing 6000
Target amount 73000
Successfully funded