- Return 10%yr
- Interest paid monthly 8,334€
- Buy out at 18 months through bank finance
- Duration 2-year minimum rolling option to lender
Purpose of loan
- Supporting the rapid expansion of a growing service business in the Belleville valley, currently making 500,000€ year profit
- Initial investment will be used to buy other key business interests that will generate 80,000€ (turnover 240,000€) more profit with catering service
- 216,000€ profit through cleaning service (turn over 960,000€)
- With prospects to expand and double the business over the next 2 years.
- Loan secured against company
Assets
- Tools and equipment 40,000€
- property worth 450,000€
- Soon to complete 1.2M in property
- Shares 19.4% in PSM France holding 6.5M€ of property
CEO assets
450,000€ in property, UK 4-bedroom house, 90m^2 development property in France