Loan 53251-01 - Business Loan Latvia

Loan Details

Loan Type Business Loan
Loan Amount € 25 000.00
Remaining Principal € 22 722.05
Interest Rate 12.5%
Initial LTV 85%
LTV 77%
Initial Term 12 m. 3 d.
Remaining Term Late
Amortization Method Interest-only
Listing Date 15.02.2016
Date of Issue 04.02.2016
Closing Date 01.02.2017
Status 60+ Days Late
Loan Originator Capitalia
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Invest

Available
€ 6.16
  • Borrower and Collateral
  • Payment Schedule
  • Investment Breakdown
  • Debt Collection
  • Borrower and Collateral Details

    Loan PurposeWorking Capital
    BorrowerCompany
    Business sectorManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
    DescriptionSawmilling company, specializes in the export of logs, sawn woods and other wood products since 2015.
    Registered28.02.2015
    Risk category B
    Estimated annual default rate 1.2%
    Personal guarantee yes
    Collateral Real estate mortgage. The apartment in Liepaja city centre has 95 m2
    Country Latvia
    Valuation€ 29 400 / 21.01.2016
  • DatePrincipal Interest TotalPayment ReceivedPayment DateStatus
    01.03.2016 € 0.00 € 164.93 € 164.93 € 164.93 25.03.2016 Paid after the due date
    Received late payment fee: € 8.52
    01.04.2016 € 0.00 € 269.10 € 269.10 € 269.10 01.04.2016 Paid
    01.05.2016 € 0.00 € 260.42 € 260.42 € 260.42 06.05.2016 Paid after the due date
    01.06.2016 € 0.00 € 269.10 € 269.10 € 269.10 13.06.2016 Paid after the due date
    Received late payment fee: € 7.40
    01.07.2016 € 0.00 € 260.42 € 260.42 € 260.42 13.07.2016 Paid after the due date
    Received late payment fee: € 5.85
    01.08.2016 € 0.00 € 269.10 € 269.10 € 269.10 07.09.2016 Paid after the due date
    01.09.2016 € 0.00 € 269.10 € 269.10 € 269.10 09.09.2016 Paid after the due date
    01.10.2016 € 0.00 € 260.42 € 260.42 € 260.42 01.12.2016 Paid after the due date
    01.11.2016 € 0.00 € 269.10 € 269.10 € 269.10 01.12.2016 Paid after the due date
    01.12.2016 € 0.00 € 260.42 € 260.42 € 260.42 07.05.2017 Paid after the due date
    01.01.2017 € 0.00 € 269.10 € 269.10 € 269.10 07.05.2017 Paid after the due date
    01.02.2017 € 25 000.00 € 269.10 € 25 269.10 € 3 866.49 Late
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  • History of Actions

    DateActionDescription
    09.03.2017 Debt collection started The court date has been set but have not happenned yet. No additional updates
    02.05.2017 Communication with the client Ongoing negotiation on friendly settlement of the debt, client started making payments
    01.06.2017 Communication with the client Ongoing negotiation on friendly settlement of the debt, will be paid partly at the beginning of June.
    03.07.2017 Communication with the client Ongoing negotiation on friendly settlement of the debt, will be paid partly at the beginning of July.
    02.08.2017 Communication with the client Ongoing negotiation on friendly settlement of the debt, will be paid partly at the beginning of August
    05.09.2017 Communication with the client Ongoing negotiation on friendly settlement of the debt, will be paid partly during September
    03.10.2017 Communication with the client Capitalia has sent client a warning letter for enforcing pledged real estate.
    08.11.2017 Debt collection started Preparing case for court
    13.12.2017 Debt collection started Case is sent to court against company and guarantor. In case collection not gonna be possible, collateral - real estate will be sold on auction.