Global Nord Timber OÜ
Working capital loan
Exited
- Deadline10.11.2017
- Start of investment period06.11.2017
- Start time03.11.2017 13:30
- Asset classWorking capital
- Investment typeOther
- Investment end date05.06.2018
- Remaining termOverdue 90+ days
- Expected rate of return15% p.a.
- Expected cash yield%
- No of investors363
- Goal€300 000
Executive summary
Crowdestate crowdfunding platform presents investors an opportunity to invest into a short term working capital loan with an attractive interest rate.
The Sponsor, Global Nord Timber OÜ requires additional working capital to fund the purchase of materials from their suppliers.
The investment term is 7 months with an interest rate of 15% per annum (expected IRR 16.2%).
The member of the board offers their personal guarantee as a surety and Crowdestate Collateral Agent OÜ („Collateral Agent“) has set specific limitations for the use of the funds.
