Founded in 2004, the Company is an experienced builder of commercial and residential buildings. The Company employs 45 people and provides services all over Latvia. The Company works as a general builder, participating in procurements and managing the execution of construction projects. Almost all construction work is subcontracted; however, there is also a related company that partly provides workforce and equipment rental. The main customers are various municipalities and their managed institutions. The Company has signed an agreement with one of the state’s companies for a construction project worth approx. EUR 10M. As is common in the construction business, part of incoming payments from customers is withheld as a warranty period guarantee and is released after a certain project is finished and the insurance policy is submitted. The project has no prepayment, but the client is invoiced in stages during the construction process. Therefore, the Company is currently seeking EUR 510,755 financing for 6 months to start the new construction project. Investors are offered 12.24% annual interest (1.02% monthly) with monthly interest payments and principal repayment starting from the 2nd month. The loan is secured with a personal guarantee from the owner and 2 related companies with significant equity capital. The project risk rate is C (79 out of 100).

Ir vairāki faktori, kas padara Uzņēmuma kreditēšanu par pievilcīgu iespēju:

• The Loan is secured with a personal guarantee from the owner and 2 related companies.
• The Company and its related companies are repeat clients of Capitalia with an excellent payment discipline.
• The Company has over 15 years of experience in the construction industry and has been profitable since its establishment.
• The Company and both guarantor companies have a significant combined equity capital of EUR 5.1M.
• The loan repayment is linked to specific project execution with a total value of approx. EUR 10M.