General Information

  • IRR%: 15
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Secured debt
  • Asset: Working capital
  • Investors: 551
  • Start Date: 2019-01-18
  • End Date: 2018-10-31
  • Target: 500k EUR
  • Completed: 100%

Additional Information

  • Estonia

Global Nordic Timber OÜ business volumes have been steadily growing and the company is looking to raise additional working capital.

The objective of this loan is to fund the growth of the business volumes, i.e. covering the working capital needs from the time of purchase of the material to receiving the sales proceeds. This 6-month working capital loan pays an annual 15% interest rate, the estimated internal rate of return (IRR) on this investment is 16.05%.

To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received funds.

Crowdstate's investors financed the Sponsor's first EUR 300,000 funding campaign in October last year with a 15% annual interest rate and a maturity of six months. The first funding round had a positive impact on company's business volumes. The resulting liquidity allowed the Sponsor to achieve good relations with major Russian producers and significantly improve payment terms. The Sponsor has also reached the planned sales volumes by today.

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