Loan 1110801-01 - Factoraje Lithuania

Loan Details

Tipo de préstamo Factoraje
Loan Amount € 6 029.00
Remaining Principal € 5 272.53
TAE efectiva cargada al prestatario -
Tipo de interés 10.5%
LTV inicial -
Initial Term 2 m. 0 d.
Remaining Term Late
Método de amortización Total
Fecha de inclusión 13.06.2017
Date of Issue 25.05.2017
Closing Date 25.07.2017
Estado 60+ días atraso
Originador Debifo
Advance Rate 50%
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Available
€ 846.09
  • Borrower and Collateral
  • Payment Schedule
  • Investment Breakdown
  • Cobro de deuda
  • Borrower and Collateral Details

    Objetivo del préstamoWorking Capital
    Business sectorWholesale of construction materials
    DescriptionThe Company is a wholesaler and retailer of broad range of fasteners and furniture fittings. The Company has obtained exclusive rights to sell Italian manufacturer's products in Lithuania. Additional funding is needed to support growing demand for represented products and to introduce new products. The Company is a repeated client of Debifo with good previous payment history. Expected payment - up to 15 days after due date.
    Registered01.02.2007
    Descripción de la categoría de riesgo BB
    Personal guarantee
    Invoice Transaction Información confidencial interna
    Invoice Recourse
    País Lithuania
  • DatePrincipal Intereses TotalPayment ReceivedPayment DateEstado
    25.07.2017 € 6 029.00 € 73.86 € 6 102.86 € 1 127.10 Late
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  • History of Actions

    DateActionDescription
    16.10.2017 Communication with the client The Company pledged the remaining inventory in the warehouse and additional land plots as collateral (there are also 2 personal guarantees from financing agreement). We are actively working with the Company to restore solvency and we expect to gradually recover the majority of the outstanding amount within 12 months. Based on business seasonality, we expect a higher recovery in October, November, December and lower recovery in the first four months of 2018.
    08.01.2018 Communication with the client The Company will have slower December-January due to seasonal holidays, recovery expected to continue in February-March.