Businesses Seeking Loan in İstanbul

Seeking senior secured lender on a $1.5 million short-term commodity trade finance facility for a Turkish tobacco trader. - Each deal amount is approx $750,000 on shipment of tobacco leaves from India to Antwerp, Belgium. - Up to 2 deals may overlap but cannot exceed $1.5 million in aggregate. - Each deal is for a total duration of approx 60 – 90 days and is on an uncommitted, transactional basis and continuously recurs. - Each deal is comprised of 2 phases. First phase is voyage finance from India load port to a warehouse in Antwerp, Belgium for a duration of up to 60 days. - Second phase is warehouse finance in Antwerp, Belgium for a duration of up to 30 days. - Shipped tobacco is pledged as collateral to the Lenders. - Senior secured lender to provide 85% of each loan. - The company will provide 15% of each loan as a junior secured lender and document the agreements and book/administer the loans. Senior lender interest rate is SOFR + 12%pa. Current SOFR is approx 5.35%pa. Thus, all in rate is 17.35% pa (=12% + 5.35%) currently. - There will be a floor SOFR of 3.5% pa. - Established 16 years ago and headquartered in Istanbul, Turkey, promoter is a tobacco producer and trader. The company has over 120 employees of which 30 employees are in Turkey. - There are 100 clients, globally located but most of them are in Europe. - The company has 7 years of strong relationship with the Indian supplier, ITC. Purchases 4 - 5 shipments from ITC every year with satisfactory performance on quality and quantity. - Company's total assets are $4.5 million, and annual sales are $2.8 million. - The promoter is New York based and is currently in Tokyo, the business is headquartered in Istanbul.

The company exports mineral fertilizers to European countries, India, China, and Africa, as well as the export of granulated gas technical sulfur, export of diesel fuel. - At the moment, the company has registered itself as a reliable exporter. - At the moment, the company has a base of 30 countries of reliable buyers of mineral fertilizers, as well as in the fuel and energy sector. - Majority of the revenue is generated by selling urea.

The company exports mineral fertilizers to European countries, India, China, and Africa, as well as the export of granulated gas technical sulfur, export of diesel fuel. - At the moment, the company has registered itself as a reliable exporter. - At the moment, the company has a base of 30 countries of reliable buyers of mineral fertilizers, as well as in the fuel and energy sector. - Majority of the revenue is generated by selling urea.

We are a 25 years old label manufacturing company specialized in making textile labels. We have 20+ clients on regular basis, another 30+ in recurring.