Pilnai investuota

Loan to prepare for a €1,65 million worth project

Surinkta:
75 000.00 €
Tikslas:
75 000.00 €
Palūkanos
10.2 % - 13 %
Tikslas
75 000.00 €
Paskolos periodas
24 Mėnesiai
Rizikos klasė
A
Paskolos tipas
Loan for purchase and working capital
Investuotojai
80
Vieta
Lithuania
Antrinė rinka
Pristatymas
Detali informacija
Projekto savininkas
Projekto rizikos
Dokumentai

Antrinė rinka

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Prisijungti
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Pristatymas

Established in 2011, Litrental specialises in bulk load transportation, road construction and repair services. The firm has long term working relationship with some of the largest companies in Lithuania like Kauno Tiltai, Eurovia and Lithuania’s leading grain producers. Litrental also worked on large scale infrastructure projects including Rail Baltica and some project abroad. 

The company recently signed a new contract worth €1,65 million for road construction works in Lithuania. To prepare for this project, the company needs to acquire two dump trucks and increase working capital. Therefore, Litrental wants to borrow €75.000 from HeavyFinance investor community. 

To increase safety for investors, right after the acquisition the company will pledge both dump trucks (MAN TGA 26.430 made in 2005 and MAN TGA 26.460 made in 2003). According to the independent evaluator, these two heavy-duty vehicles combined worth €59.300. Litrental will also pledge assets that the company already owns for no less than €48.700. Consequently, the loan to value ratio will be no higher than 70%.

In 2019 the company posted revenue of €1,7 million. In comparison, The profit (loss) statement of the III quarters of 2020, shows that Litrental already got revenue of €1,69 million. Besides, the company earned 22.000 Eur profit in 2019.

Currently, the equity ratio of Litrental is 36%.


Interest rates:


  • Investing from 100 € - interest 10,2%
  • Investing from 1.000 € - interest 10,5%
  • Investing from 5.000 € - interest 11,7%
  • Investing from 20.000 € - interest 12,2%
  • Investing from 40.000 € - interest 13%


Purpose of the loan:


To increase working capital and to acquire two dump trucks.


Project investment return and interest payment:


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-13
  • End date of the financing period: 2020-11-27, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10,2% to 13%.
  • Loan term: 24 months
  • The project owner will repay the loan on annuity basis with 4 months ofdeferral principal installments.

Detali informacija

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Projekto savininkas

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Projekto rizikos

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Dokumentai

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Investicijos

Investicijų nerasta.

Kiti projektai

Loan backed with John Deere combine harvester and Claas tractor

Liko investuoti:
12 dienos 02:22:17
Surinkta:
15 914.00 €
Tikslas:
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Informacija
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Loan to acquire a tractor Deutz-Fahr Agrotron

Surinkta:
20 000.00 €
Tikslas:
20 000.00 €

Working capital

Surinkta:
20 000.00 €
Tikslas:
20 000.00 €

Pavyko

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