Projects list

Business loan #00184

Project finished

Amount of funding 20 000 €

Annual interest rate 13.00%

Total expected project return 8.66%

Loan period

8 mo.

Risk

C (higher)

Purpose of the loan

Business loan

Collateral Guarantees / surety

Country

Lithuania

Investors 40

Raised:
20 000 € Goal:
20 000 €

100.00%

Project updates

Loan repaid

2023-04-15

The debtor has repaid the loan. Duration of loan 243 d.

Period paid

2022-08-09

The debtor has paid interest for the period 2022-08-09.

Period paid

2022-07-05

The debtor has paid interest for the period 2022-07-09.

Period paid

2022-05-17

The debtor has paid interest for the period 2022-06-09.

Period paid

2022-01-18

The debtor has paid interest for the period 2022-05-09.

Period paid

2022-01-18

The debtor has paid interest for the period 2022-04-09.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-03-09.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-02-09.

Period paid

2021-12-13

The debtor has paid interest for the period 2022-01-09.

Business loan terms

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 At the end of the loan period

Loan period 8 mo.

Minimum loan period 6 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %

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 8 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-12-09

Estimated loan repayment date:* 2022-08-09

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

Debtor

Company title LTD Verslo valstija

Company code 302774990

Company registration address

xxx xxx Pakruojo r., Palašmenio k. Lietuva 83475

ULC Verslo valstija - the main activity of the company is the cultivation and sale of cereals. Cultivated crops: winter wheat, spring barley, winter oilseed rape. 2020Y 579.54 ha of crops were declared to the National Paying Agency. The company has all the necessary agricultural machinery, grain cleaning equipment, buildings for agricultural activities. During the off-season, the company provides grain storage and cleaning services to other companies.

Sales revenue in 2019 - 365 thousand EUR, 2020 - 569 thousand EUR .
Net profit in 2019 - 19 thousand EUR, 2020 - 16 thousand EUR.
Total assets of the company in 2019 - 1 mln. 269 thousand EUR , 2020 - 1 mln. 218 thousand EUR .
Equity in assets based on the presented balance sheet as of Y 2020 was 32 percent.
Current assets in 2020 - 579 thousand EUR (including 381 thousand EUR for stocks, advances paid and work in progress), short-term payable amounts 173 thousand EUR.
The company has 9 employees.
Company as a Manag.-Own. has 8 registered vehicles (trucks), avg. the value of the park is 19 thousand EUR (as of 01.11.2021 date).

Loan protection collateral

Loan collateral:

Company guarantee (bill of exchange) and company' s manager and shareholder Vaivos Lukošienės guarantee.

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The borrower made payments on time and without delay. (current loan at Nordstreet)

Weaknesses:

The borrower was late in paying small amounts.

Possibilities:

The annual interest rate payable by the borrower is 13.00%.

Threats:

Uncertain economic situation.

Important

Nordstreet takes the following measures to ensure a safer investment:

The loan to value ratio of the project will not exceed the LTV ratio provided in the project description, including in cases when the project will be financed in stages.
If the required amount of funding is not collected before the start of the project, all investments will be returned to the investors. Upon application by the Debtor, the financing may be considered to have been successfully completed with a smaller amount collected, the financing of the project may be divided into several stages and / or the financing period of the project may be extended. In these cases, Nordstreet informs the funders and publishes the information on the completion of the project with a smaller amount, the division of the project funding into several stages or the extension of the project funding period on its website together with other information about the project.
By investing in a project, financiers acquire rights of recourse (claim rights). Nordstreet may provide the financiers with the possibility to transfer these claim rights to other users of the platform on the Secondary Market in accordance with the User Terms.
The activities of UAB Nordstreet are supervised by the Bank of Lithuania and UAB Nordstreet is included on the Public List of Operators of Crowdfunding Financing Platforms administered by the Bank of Lithuania.

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 At the end of the loan period

Loan period 8 mo.

Minimum loan period 6 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %

Loan term and repayment

Loan period 8 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-12-09

Estimated loan repayment date:* 2022-08-09

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

Project updates

Loan repaid

2023-04-15

The debtor has repaid the loan. Duration of loan 243 d.

Period paid

2022-08-09

The debtor has paid interest for the period 2022-08-09.

Period paid

2022-07-05

The debtor has paid interest for the period 2022-07-09.

Period paid

2022-05-17

The debtor has paid interest for the period 2022-06-09.

Period paid

2022-01-18

The debtor has paid interest for the period 2022-05-09.

Period paid

2022-01-18

The debtor has paid interest for the period 2022-04-09.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-03-09.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-02-09.

Period paid

2021-12-13

The debtor has paid interest for the period 2022-01-09.

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Business loan #00184

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Business loan #00184

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

Rožių st. 74, Panevėžys, Lithuania (3 stage)

Dovinės 18-oji str. 6, Liudvinavo vil., Marijampolės mun., Lithuania (1 stage)

Lubānas g. 133A, Riga, Latvia (3 stage)

Business loan #00340

Business loan #00328

Business loan #00337 (2 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!