Projects list

Business loan #00309

Waiting for investments

Amount of funding 25 000 €

Annual interest rate 12.00%

Total expected project return 24.00%

Loan period

24 mo.

Risk

A (low)

Purpose of the loan

Business loan

Collateral Guarantees / surety

Country

Lithuania

Investors 102

Raised:
19 802 € Goal:
25 000 €

79.21%

How much will I earn if I invest:

Investment size

100.00 €

5 198.00 €

12%

With this project in one month I will earn

€

After 12 months I will earn

€

After 24 months i will earn

€

Business loan terms

About the loan

Purpose of the loan To increase the company's working capital

Amount of funding 25 000 €

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 6 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Amount allocated by project owner 10 000.00 €

The borrower opens a new store. The loan is needed for the repair and installation of a new store and the purchase of necessary equipment.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %

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 At the end of the loan period

Estimated start date of the loan:* 2024-05-03

Estimated loan repayment date:* 2026-05-03

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 Siaged

Company code 300549863

Company registration address

Basanaviciaus g. 2 Panevezys Lietuva LT-35113

LTD SIAGED - the company is engaged in the retail sale of bread, buns, confectionery and sugar sweets in specialized stores.

Sales revenue in 2022 was 447 TEUR, 2023 - 960 TEUR.
Net profit in 2022 was 49,5 TEUR, 2023 - 133 TEUR.
Total assets of the company in 2022 was 343 TEUR, 2023 - 505 TEUR.
Equity in assets based on the presented balance sheet as of Y 2023 was 36,5 percent.
Current assets in 2023 - 213 TEUR, short-term payable amounts 87 TEUR.
Company as an owner has 2 registered vehicles, the avg. value of the park is 25 TEUR (2024-03-01).
Company as a manager has 3 registered vehicles, the avg. value is 54 TEUR (2024-03-01).
The company has 22 employees.

Loan protection collateral

Collateral:

Company guarantee (bill of exchange), company's manager and shareholder Gedvilė Rimkevičiūtė 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:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 12.00%.

Threats:

Uncertain economic situation.

Documents

#	File name	File type	Actions
1	Įstatai.pdf
2	2023 m. FA (balansas ir pelno nuostolio) 2P.pdf
3	PIID.pdf

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 25 000 €

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 6 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Amount allocated by project owner 10 000.00 €

The borrower opens a new store. The loan is needed for the repair and installation of a new store and the purchase of necessary equipment.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %

Loan term and repayment

Loan period 24 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-05-03

Estimated loan repayment date:* 2026-05-03

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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