Exited
  • Deadline
    15.08.2018
  • Start of investment period
    17.08.2018
  • Start time
    09.08.2018 12:00
  • Asset class
    Working capital
  • Investment type
    Other
  • Investment end date
    02.08.2019
  • Remaining term
    10 minutes
  • Expected rate of return
    16.08%
  • Expected cash yield
    %
  • No of investors
    791
  • Goal
    €300 000

Updates

 26/07/2019Investment opportunity overview, July 2019
 18/04/2019Investment opportunity overview, April 2019
 28/01/2019Investment opportunity overview, January 2019
 12/10/2018Investment opportunity overview, October 2018

Executive summary

The purpose of this project is to finance the Sponsor, USL INVEST OÜ by a 12-month working capital loan in the amount of 300,000 EUR to increase the business volume.

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 (75%) 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 16.08% on an annual basis.

Crowdestate

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