Biomass Fuels Businesses Seeking Loan in Šiauliai

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Biomass Fuels Company Seeking Loan in Šiauliai, Lithuania

Firm engaged in the trading of wood and biomass fuels seeking capital to acquire a shipping firm.
- Engaged in the trading of wood and biomass products. - We sell both high-quality wood for use in furniture as well as lower quality wood for heating purposes. - Also sell biomass for using in heating. - Primarily sell to dealers in Malaysia, Germany and Ireland. - Source the products from manufacturers from Lithuania, Ukraine and Belarus. - Business has already secured orders worth USD 370,000 for the next year. - Sales were impacted negatively last year as the promoter met with an accident and the business was non-operational for a period of 6 months. - Business intends to enter the heating oil trading business and has identified an attractive acquisition of an oil shipping firm. - The acquisition price for the firm is USD 8M and the owner can contribute USD 2M in his personal capacity. - The promoter intends to finance the remaining acquisition price through a loan. - Also open to an equity investment.
6.2   Šiauliai
Run Rate Sales
USD 324 thousand
EBITDA Margin
25 %
Business Loan
USD 6 Mn at 15% interest
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