Status
financed
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Funding data (31 August 2017)
Details
Description
“Decoreter OÜ is an Estonian company that manufactures and exports high quality fashion and interior design products made of alpaca wool. This investment opportunity offers Crowdestate investors the chance to finance additional working capital for an Estonian company Decoreter OÜ. The additional working capital will be used to cover the timing gap between the purchase of raw materials until income from sales is received. The Sponsor additionally plans to refinance an existing credit line from Nordea bank in the amount of 30 000 euros. Investor may expect a fixed interest revenue of 14. 5% per annum, and the loan is issued for 24 months. The loan is secured by a commercial pledge and personal guarantees from owners covering the amount of the loan.”