USL Invest OÜ (II)

Détails

Pays

Estonie

Type

NASecured debt

Date de fin

31/07/2019 (1955 jours)

Rendement total

16.03%

Rendement annuel

16.03%

Durée/Maturité

12 mois

investisseurs

1052

“The purpose of this project is to finance the Sponsor, USL INVEST OÜ by a working capital loan in the amount of 350 000 EUR.  This loan will refinance the existing loan in the amount of 225 000 EUR and further capital will be used to increase the business volume by EUR 125 000. The issued loan is secured by a commercial pledge to company's movable property (the amount of the commercial pledge exceeds the loan and interest amount 1. 30 times) and with personal guarantees of the owners of the company to the extent of the loan.  It is a so-called "bullet-loan" where the interest with an additional principal will be paid throughout the period.  However, a substantial part of the principal is paid at the end of the loan period as a one-time payment.  The loan interest rate is 15. 0% per annum and the expected return on investment (IRR) is 16. 03% on an annual basis.”