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Purpose of the loan
The need for financing is an amount of € 52,000, which be funded in 2 stages. Loan which will be allocated for refinancing existing loan obligations on the Nordstreet platform. Part of the first loan has already been successfully repaid.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
About the project
Currently 30 houses are being designed, each with an area of 100 m2. The company has already invested up to 400 TEUR in the company's own funds. The raised funds will be used to finance construction works, as the materials have been purchased in advance. Reservations are already in progress. More about the project https://j7.lt/. ”
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.
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.
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