Fish factory renovation and launch

  • 374,000€ Funded
  • 55 Investors
44%
1
Estonia
  • 850,000€ Target
  • 10.0% Interest rate
  • Expires in 0 month
  • 65.00% LTV
  • 1,300,000€ Colaterral value
  • 24 months Loan term
  • Monthly payments Schedule type
All or nothing. This project will only be funded if it reaches its target by Fri, January 28, 2022, 7:39 PM

The project owner has repurchased the fish factory object from a bank’s daughter company via a public sales procedure. The factory was put on standby after the previous owner, oriented on 100% export to the third countries, had gone bankrupt in the period of political sanctions between Russia and the EU. All production facilities are in place and require a minor upgrade for a rapid restart. The project assumes partly refinancing of the investments made in object purchase, and renovation of premises as well as provision of working capital to extend product portfolio. Currently, the entire spectre of products will be targeting the EU markets.

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