An experienced wholesaler of packaging materials and equipment is seeking funding to refinance a credit line from a commercial bank. The Company was established in 1996 and commands a stable market position in Latvia with operations also in Lithuania and Estonia. Company’s main clients are food and other product manufacturers all over the Baltic States. The Company is seeking financing of EUR 311,800 for a 24 month period . The loan is secured with a commercial pledge on all assets worth EUR 1.08 million and guarantees from 2 companies of the shareholders. Investors are offered a 10.44% annual interest rate with a partial monthly amortization 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 a track record of profitability for more than 20 years
• Company’s leading management has a vast experience in running the business since 1996;
• The loan is secured by a commercial pledge of all company’s assets and 2 guarantees from the companies of the owners with significant other assets;
• The borrower has shown a steadily growing revenue in excess of EUR 5 million per year.