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Business loan #00292
Amount of funding
20 000 €
Annual interest rate
16.00%
Loan period
24 mo.
Risk
C (higher)
Purpose of the loan
Business loan
Collateral
Guarantees / surety
Country
Lithuania
Lithuania
Investors
47
Raised:
20 000 € Goal:
20 000 €
20 000 € Goal:
20 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Istatai.pdf |
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| 2 | BLN MOG GRoup 2023 2P.pdf |
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| 3 | PNA MOG GRoup 2023 2P.pdf |
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| 4 | PIID.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
20 000 €
Risk
C (higher)
Payment of interest
Every month
Loan repayment
Every month
Loan period
24 mo.
Minimum loan period
6 mo.
Collateral
Guarantees / surety
Mortgage rank
Other pledge
The loan funds will be used to strengthen the stability of working capital. For this reason, the amount of allocation of the project owner's own funds is not relevant.
Business loan for the development of the company's activities.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 16 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
24 mo.
Minimum loan period
6 mo.
Loan repayment
Every month
Estimated start date of the loan:*
2024-04-10
Estimated loan repayment date:*
2026-04-10
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
100%
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