Food & Beverage Businesses Seeking Loan in Europe

- 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.

- Well-established and highly successful ice cream parlor in Bansko, Bulgaria. - Highly established and successful ice cream parlor located in Bansko, Bulgaria. - Over 15 years of experience in the industry. - Offering a range of top quality products, including ice cream, coffee, and a variety of exclusive products imported directly from Italy. - Operates 7 days a week and has built strong relationships with Italian companies.

- The food is slowly cooked by old family recipes. - We are open only on the weekends and our operations are also dependent on the weather. - The restaurant is one of a kind as it is located 1,000m above sea level in a national park. - We receive around 100-200 people on weekends. - There is a separate room for manufacturing wine, cheese, and honey. - The seating capacity is for 60 people inside, whereas outside the yard space is around 10k sqm where people can sit and eat as well.

- There is no Indian restaurant in the city. - Restaurant is located near a residential area. - Seating capacity of the restaurant will be 25 pax. - The construction is ongoing. The wood is ready. The furniture is ready. Cutlery is purchased. - Looking to start the operations in the next month.

- The business will be developed by an awarded chef. - Speakeasy cocktail bar (in the basement), a restaurant on the mezzanine floor of 75 seats, and at the rooftop 4 rooms with a lake view, and the property has direct access to the lake beach. - Looking for a private investor to set up a business in a prime location on a lake area just 30km from the Swiss border and 45km from the international airport. - The promoter is a chef who has 25 years of experience in this industry.

- Patisserie is a profitable business with gross product margins of 70-300%. - We have over 15 years in this business. - This kind of business is for everyone.