Loan GRP-1827 - Business Loan
The company is exporting sawmilled wood to several international clients. It is in the market for 8 years. It had a significant turnover increase from EUR 1.3 million (2016) to EUR 4.7 mill (2017). It has shown a marginal profit (in EOY retrospective) for consecutive 3 years. It is a trading company with minor fixed assets other than working capital. It is part of the group of sawmilling companies and is managed and controlled by an experienced team thereof.
There are three personal guarantees from the owners of the (main) company of the group.
With amortizing loan the principal is repaid throughout the duration of the loan according to schedule. The interest is paid on the residual loan amount (total loan amount less principal repayments). Therefore the amount of claim right acquired under the assignment agreement shall be reduced from time to time by each principal repayment accordingly.