Nova rent a leading heavy equipment seller that also provides equipment rental and equipment service. While ordering many new heavy-duty vehicles, the company needs a loan of 45.000 Eur to increase working capital using a combine harvester New Holland CX860 as a collateral. The worth of this combine harvester is 66.100 Eur, thus loan-to-value ratio is no higher than 68%.
In 2019 Nova rent sales revenue was 6,78M Eur, in comparison to 3,37M a year ago. Furthermore, the company got profit of more than 722.000 Eur last year. In 2018 company‘s profit was 136.000 Eur.
At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)
To increase working capital