Businesses Seeking Loan

Company involved in the processing and export of Cocoa to Northern Africa. - Seeking senior secured lender for a USD 1.5 million short-term commodity trade finance facility for a cocoa processor/trader in Spain. - Each deal amount is approx USD 50,000 - USD 100,000 on shipment of cocoa powder from Spain to 4–5 buyers mainly in Northern Africa (Morocco, Algeria, and Tunisia). - Each deal of 40-80 days is on an uncommitted, transactional basis and continuously recurs. - 60% of the deals are receivable finance of 30–60 days. Buyer non-payment risk is covered with Coface Spain credit insurance. - 10% of the deals are voyage finance of 10–20 days. Financing is from the load port to the destination port. The lender receives payment 2 days before the vessel. Arrives at the destination port. Release of title to cocoa occurs after receipt of payment. - 30% of the deals are voyage finance followed by receivable finance for a financing period of 40–80 days. - Up to 15 deals may overlap but cannot exceed USD 1.5 million in aggregate. - Senior secured lender to provide 85% of each loan. Hommocks will provide 15% of each loan as a junior secured lender. - Hommocks will document the agreements and book/administer the loans. - Interest rate is SOFR + 8%pa. Current SOFR is approx 5.35%pa. Thus, all-in rate is 13.35 %pa (=8.5% + 5.35%) currently. There will be a floor SOFR of 3.5%pa. - The borrower company was founded 11 years ago and is located in Northern Spain. - The borrower company's annual sales are USD 2.5 million, total assets USD 4 million, and equity is USD 0.8 million.

A yacht racing team brand, based in Maryland. - We have finally received the approval for participating in the America's cup for yacht racing. - Yet to procure the boat. The feature of this boat is that it sails at about 2 to 3 feet above water level and moves at 50 miles/hour. - Products being sold on our website include our team's jerseys, caps and stickers. - So far, we have sold over 5000+ jerseys and aiming to sell 50k+ once our team is ready to participate. - Our jerseys are priced at USD 95 each. - Aiming to generate a revenue of over USD 3.5 million during the America's cup competition period. - Partnered with some top institutes such as NASA and MIT.

A stock advisory firm located in Warsaw, Poland, providing consulting services and trading on our own company's capital via API keys for individual and institutional investors. - The company is registered in the Register of Virtual Currency Activities of Poland (RDWW) - With 78 clients for our advisory services alone, spanning across 30+ countries, the company has established a global footprint. - The owners have 4 years of experience in Blockchain, DeFi, and digital assets. - The company boasts an average annual yield of 56.37% based on its trading history, signaling strong performance in its investment strategies. - Our revenue model consists of two sources: 1. We receive income from the provision of advisory services, whereby the commission corresponds to 30% of the client's profit resulting from these consultations. 2. We provide trading on our own company's capital, thus obtaining a return, which is about 36% per year. There are about 10 traders currently.

Company focused on manufacturing home furniture and supplying furniture plywood, exotic veneer, and furniture components to wholesalers and manufacturers. - Primarily engaged in serving 12 local clients, with a monthly supply frequency and an average client supply value of FJD 15,000. - With a current manufacturing capacity utilization of 20%, the company has the potential to generate FJD 3.6 million upon full utilization. - The company holds a forestry import license for raw materials, indicating its commitment to sourcing quality raw materials for its products.

Electrical services provider based in Orlando, Florida, - The company specializes in providing comprehensive electrical services for a wide range of clients, including residential and commercial establishments. - Service offerings encompass all aspects of electrical work, catering to the needs of small to mid-sized projects. - With a successful track record of 20 years in the industry, the business has solidified its position as a trusted electrical services provider in the Orlando area. - It serves a loyal customer base of approximately 50+ local clients, with a strong emphasis on commercial establishments while also catering to the residential segment. - The business has established a strong client base with a notable 99% rate of returning customers, showcasing a high level of customer satisfaction and loyalty. - The company's services extend to a diverse range of establishments including bars, restaurants (including specific mentions of Wendy's and IHOP), and even emergency service requirements, highlighting the versatility of their expertise. - There are 4 permanent employees, additional contract employees are hired on service basis. - Business has electrical contractor license.

The company takes pride in its innovative approach to producing and exporting potato powder and banana powder, currently in pre-revenue stage. - These products are created using the best quality potatoes and bananas, with a focus on preserving their nutrients and aroma. - The company will operate through multiple sales channels, including direct-to-consumer (D2C) sales via phone, WhatsApp, and email inquiries, as well as business-to-business (B2B) exports to Turkey. - The company holds several licenses and certificates, including FSSAI (Food Safety and Standards Authority of India), IEC (Import Export Code), and a broker-vendor trust certificate. - The business procures raw materials directly from farmers. - The manufacturing facility has a production capacity of 4-6 tons per month.