The Sponsor of the project, Click & Grow is seeking to raise EUR 500,000 from Crowdestate investors to cover their additional working capital needs. The funding will be used to increase production volumes and inventory to satisfy the fast growing demand for their products.
This investment opportunity is structured as a secured loan with an investment term of 18 months, offering investors 15% annual interest, and an IRR of 16.1% per annum. The loan has an annuity repayment schedule with monthly interest and principal payments, principal repayments have a 6-month grace period.
The investment will be secured by a EUR 1,000,000 commercial pledge on Click & Grow’s assets (including trade receivables, inventory and fixed assets).
Click & Grow raised EUR 500,000 working capital through Crowdestate in 2016. They have been extremely punctual in servicing their debt, the current outstanding principal has already been reduced to EUR 257,770.
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