Fojus, UAB is a Lithuania-based company experienced in the construction of residential and commercial ponds on various properties.
The company was established in 2017 and currently has three employees. Last year, Fojus had revenue of 80.000 Eur, while in 2018 the revenue of the company was 18.000 Eur. Besides, due to ongoing expansion, the company had 8.800 Eur loss in 2019 and 11.000 Eur loss in 2018.
The company has already gained a good reputation and got some positive reviews on various websites. Therefore, it is continuing with the expansion plan and wants to borrow 15.500 Eur to increase working capital. To secure this loan, Fojus use a tractor TYM T353SGHSD made in 2018 as collateral. According to independent asset evaluation service provider, the value of this tractor is 22.300 Eur. Consequently, the loan-to-value ratio of this loan is 70%.
To increase working capital