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Wood Products Company Seeking Loan in Līgatne, Latvia

Woodworking company that produces high-quality oak wood furniture panels, seeks funds for expansion.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 210 thousand
Run Rate Sales USD 320 thousand
EBITDA Margin 10 - 20 %
Industries Wood Products
Locations  Līgatne
Local Time 8:17 PM Europe / Riga
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 500 thousand for 14.0% annual interest, 3 years (Native Currency: EUR 450,000)
Reason: Company is moving to new production site and seeking loan to buy out the new factory, and increase c... View More
Collateral Available: USD 500 thousand
Includes physical assets worth USD 160 thousand
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Business Overview

- We are a woodworking company that deals with the production of ash and oak furniture boards.

- Company has moved from the start-up stage to securing a market position and ability to deliver high-quality oakwood products that are rare and in high demand in Europe.

- We are moving to a new production site and are looking for a loan to buy out the factory and increase production capacity.

- Facility is located in an area with high woodworking tradition and raw material availability. The property holds much potential for further development, including dry kilns.

Products & Services Overview

Oak and ash wood furniture panels and flooring and decks.

Facilities Overview

Factory is located in Ligatne, Latvia. Office is adjacent to the factory site.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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