Purpose of a business loan
For this stage, an amount of € 25 000 is needed for funding to increase the company's working capital.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 15%
Pledged property: Non-residential premises (industrial premises, unique number 4400-3201-3857: 5802), with a total area of 955.03 m, at the address Pramonės str.37-1, Alytus, Lithuania.
Value of mortgaged property: € 167 000
Interest:
When investing from 100 € - interest 11.5%
When investing from 500 € - interest 11.75%
When investing from 1 000 € - interest 12%
Loan term
36 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or part thereof earlier than 6 months after the due date of 36 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 04 10
Expected repayment date of the loan: 2022 12 01 - 2023 02 01