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 four 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 last loan was the first stage project to increase capital, which was fully collected and paid to the company.
The company is now continuing to raise funds - this is the second part of the company's financial plan to increase working capital for a rapid expansion. During the first stage, the company borrowed 100.000 €. Now the company is collecting the same amount of funds. There is one more investment project 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%