Loan 1421852-01 - Business Loan

Loan Details
Loan Type | Business Loan |
Loan Amount | € 15 000.00 |
Remaining Principal | € 8 551.65 |
Effective APR charged to borrowers | 24.6% |
Interest Rate | 11.7% |
Initial LTV | - |
LTV | - |
Initial Term | 15 m. 8 d. |
Remaining Term | Late |
Amortization Method | Full |
Listing Date | 22.08.2017 |
Date of Issue | 07.02.2017 |
Closing Date | 15.05.2018 |
Status | 60+ Days Late |

Loan Originator Details
Loan Originator
Legal Entity
Capitalia Finance OU
Group Guarantee
AS Capitalia, UAB Capitalia Finance
Invest
Available
€ 4.74
- Borrower and Collateral
- Payment Schedule
- Investment Breakdown
- Debt Collection
Borrower and Collateral Details
Loan Purpose Expansion financing Borrower Company Business sector Wholesale trade, except of motor vehicles and motorcycles Description Company specializes in wholesale of electronics. Regardless of the short operating period, this company has managed to significantly increase its turnover in just 2 years mostly due to focusing on export markets. The products are mostly sold via their online store. Financing was attracted to speed up e-commerce expansion to foreign markets. Estimated annual default rate 1.2% Country Estonia Personal guarantee yes Risk category A Date Principal Interest Total Payment Received Payment Date Status 15.03.2017 Paid 15.04.2017 Paid 15.05.2017 Paid 15.06.2017 Paid 15.07.2017 Paid 15.08.2017 Paid 15.09.2017 € 976.81 € 74.32 € 1 051.13 € 1 051.13 15.09.2017 Paid 15.10.2017 € 996.35 € 83.38 € 1 079.73 Late 15.11.2017 € 1 016.27 € 76.12 € 1 092.39 Late 15.12.2017 € 1 036.60 € 63.76 € 1 100.36 Late 15.01.2018 € 1 057.33 € 55.44 € 1 112.77 Late 15.02.2018 € 1 078.48 € 44.78 € 1 123.26 Late 15.03.2018 € 1 100.05 € 30.64 € 1 130.69 Late 15.04.2018 € 1 122.05 € 22.84 € 1 144.89 Late 15.05.2018 € 1 144.52 € 11.16 € 1 155.68 Late History of Actions
Date Action Description 18.12.2017 Communicatiom with the client Company applied for insolvency process, waiting for court decision, date of the court session 15.12.2017. 15.01.2018 Communicatiom with the client Insolvency is in process. 02.02.2018 Regular update on the borrower status There are no updates since the latest status update. 16.04.2018 Collection Insolvency process in progress, administrator will start selling company's assets on auction. 17.05.2018 Regular update on the borrower status There are no updates since the latest status update. 28.06.2018 Regular update on the borrower status There are no updates since the latest status update. 25.07.2018 Regular update on the borrower status There are no updates since the latest status update. 20.08.2018 Regular update on the borrower status There are no updates since the latest status update. 26.10.2018 Regular update on the borrower status There are no updates since the latest status update. 30.11.2018 Collection Insolvency of the company is over, no income from realization of assets. Guarantor started personal insolvency process, since he does not own any properties and does not have legal income, collection is not possible.