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Businesses Seeking Loan in Spain

Showing 1 - 3 of 3 Businesses Seeking Loan in Spain. Lend to a Business in Spain.

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Agriculture Wholesale Company Seeking Loan in Spain

Cocoa product processor and exporter to Northern Africa.
- 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.
8.1   Spain
Run Rate Sales
USD 2.4 million
EBITDA Margin
20 %
Business Loan
USD 1.5 Mn at 13%
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Agriculture Wholesale Company Seeking Loan in Granada, Spain

Manufacturer and exporter of fresh vegetables, fruits, and supermarket goods to USA, Germany, and CIS countries.
- Manufacturer and exporter of fresh vegetables and fruits, and own brand of supermarket goods including olive oil, olives, canned fish and vegetables, coffee, and wines. - Have our own bioecological olive tree plantation in Cordoba, for olive oil production, and most of our products are sourced from farmer's co-operatives in Spain. - We supply to major supermarkets and chains in Spain, but over 80% of our sales are from exports to foreign markets. - We export to 10 countries including the USA, Germany, Belarus, the Dominican Republic, and CIS countries. Have 2-3 distributors in each country who further supply to supermarkets and retailers. - Handle 10-15 containers on a monthly basis, and the capacity can be increased based on the financing. - We have new contracts from Walmart and other distributors in the USA for around 6 garlic containers weekly with each container worth around USD 50,000.
Manufacturer and exporter of fresh vegetables, fruits, and supermarket goods to USA, Germany, and CIS countries.
7.6   Granada
Run Rate Sales
USD 12 million
EBITDA Margin
20 %
Business Loan
USD 500 K at 10%
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Sport Goods Company Seeking Loan in Marbella, Spain

Online retailer and wholesaler of gym equipment seeks funds to establish own production unit.
- Company imports, retails and wholesales gym and fitness equipment to individuals and gyms. - Sales are organic, through SEO and our physical store. - We import our products from EU countries like Poland. - We have experience in online sales and business development, have a full business development plan, and all contacts for lead advertising. - We plan to establish a production unit and grow globally in the next 12 months.
Online retailer and wholesaler of gym equipment seeks funds to establish own production unit.
6.8   Marbella
Run Rate Sales
USD 900 thousand
EBITDA Margin
40 %
Business Loan
USD 1.1 Mn at 15%
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    There are 3 active and verified businesses seeking loan in Spain listed on SMERGERS as of 28 March 2024.
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