This project provides the HeavyFinance investor community with an opportunity to finance a working capital loan for a well known used heavy equipment rental company Nova rent.
Launched in 2017, Nova rent is a leader in used equipment rental and service in Lithuania, which is successfully expanding its operations abroad. HeavyFinance investor community has already fully invested in three loans listed in the platform, two of which (150,000€ and 45,000€ worth) have been fully repaid and for the third one (59,000€) payments have been made on time. The company is now borrowing funds to increase working capital.
This is the first part of the company's financial plan to increase working capital for a rapid expansion. There are two more investment projects to be listed on the platform in a foreseeable future.
The company's available stock for 166,000€ is pledged to secure the first stage loan.
Fixed annual interest rate - 11,1%