Expansion of active leisure and hunting goods providerAtpakaļ uz visām Aizdevuma iespējām
The Company does wholesale and retail trade of various active leisure and hunting inventory products since 1993. In total 12 retail shops all around Lithuania as well as an online shop are working under this brand. Currently, the Company is expanding to Latvia and plans to open their first shop in Riga at the beginning of December. For this expansion, the Company is looking for additional financing of EUR 150,000 for 18 months term to purchase necessary goods for sale which will be placed in the new shop. The loan will be well secured with inventory pledge of a minimum required amount EUR 300,000 EUR, where total available inventory now is EUR 1.3 million. As additional security shop in Latvia will register all assets pledge and owner will provide personal guaranty. Lenders are offered 12% annual interest rate with monthly interest payments and principal amortization starting from 6th month.
There is a number of factors that make co-financing the Company an attractive opportunity and the main highlights are the following:
- The Company and its owner have 25 years of experience in this industry;
- Low level of financial debt and significant equity capital amount;
- Financing raised to support further expansion;
- Financing is well secured with inventory pledge of a minimum required amount EUR 300,000 EUR, where total available inventory now is EUR 1.3 million, as well as all assets pledge of Latvian shop and owner’s personal guarantee.