26 Estonian business loans @ 10.75% p.a. available for investments
Our Estonia-based partner – non-bank financing company Evergreen Capital that issues business loans to Estonian SMEs from the manufacturing and services sectors has released a new ABS program with 26 underlying assets.
ABS program details:
- Total loan amount – 150 000 EUROS
- Interest – 10.75% p.a.
- Period – 380 days
- Category – C+
- Penalty fee in case of late repayment – 18% (in total 28.75%)
- Skin in the game – 10%
- Collateral – the loans are secured with personal guarantees from the borrower’s owners/management and/or other collateral
Currently, in Debitum there are four Evergreen Capital ABS programs available (with 82 underlying assets in total) with 9.5%, 10.50%, and now with 10.75% p.a. interest rate available. Investment periods are from 239 to 380 days.
More behind Evergreen Capital performance, operations, and business philosophy you can in interview with Kristjan Tolmats, co-founder of Evergreen Capital – “Each loan we give out must be a productive one”.