Fully invested

LT0000066, Working capital loan to expand operations (Stage III)

Raised:
100 000.00 €
Goal:
100 000.00 €
Loan number
LT0000066
Yearly return rate
11.1 %
Goal
100 000.00 €
Loan period
10 Months
Risk rating
A
Investors
56
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

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 five 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 two loans were the first and second stages of this project. During these projects, Nova rent raised 200.000 € in total. The first stage loan has been already paid to the company.

The company is continuing to borrow funds to increase working capital. This is the third part of the company's financial plan to increase working capital for a rapid expansion. The company's available stock for 166.000 € is pledged to secure the third stage loan.

Interest

Fixed annual interest rate - 11,1%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

Kiti projektai

LT0000125, Equipment loan for a tractor LS Mtron XR50

Liko investuoti:
13 days 02:08:02
Surinkta:
7 451.00 €
Tikslas:
23 885.00 €
Informacija
Investuoti

LT0000126, Working capital loan backed by 3,1385 ha land, a tractor and a semi-trailer

Surinkta:
17 000.00 €
Tikslas:
17 000.00 €

LT0000128, Working capital loan backed by tractor semi-trailer

Surinkta:
34 840.00 €
Tikslas:
34 840.00 €

Success

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