Industrial ConversionBusiness loan
We are not investing our personal capital in project, because we are unable to obtain information about the business activities for the development project, due to the ongoing acquisition process. This loan has a credit guarantee of 300,000EUR, by the PLA S.r.l. in the attached documentation you see that the borrower has a credit score of BB.
The project consists of the financing of the company Pla S.r.l., with a share capital of €7,500,000 and a turnover of € 700,000 in 2018, with the aim of developing the reconversion process of an industrial site to start the production of light manufactured articles for prefabricated high automation that will be used in civil construction projects.
The building where reconversion will be started has already been identified and is located within a radius of 200 kilometers from the headquarters of Pla S.r.l., in a strategic position for the logistic distribution of production serving the building sites spread throughout the peninsula.
The funds raised will be used to finalize the completion of the design phase and will include the environmental checks and the purchase of machinery for the conversion of the existing structure.
As a guarantee of the loan a trade credit claimed by PLA S.r.l. expiring in 6 months.
Project Type: industrial reconversion
Total amount: € 200,000
Amortization period: 6 months
Interest rate: 9%
Interest payments: monthly
Funding goal: industrial reconversion
Minimum goal: 70% of the total collection, equal to Euro 140,000.00
Duration of fundraising: 60 days from the date of opening (21/10/2019)
Credit score: BB
Additional guarantees: trade credit claimed by PLA S.r.l.
Applicant company: PLA S.r.l.
BIOGRAPHY OF THE PROMOTER
Graduated in construction engineering, he represents the third family generation in the real estate and construction sector. During his career he has also covered the following roles: CEO and board president at Nova Re SPA, real estate company listed at Milan Stock Exchange. Vice President at Meridie SpA, an investment company listed at Milan Stock Exchange. Board member at Ream SGR. CEO of the family company active on public infrastructure construction sector (highways and railways). In particular in the context of reconversions, among the most important projects of the group:
- "Rhodia" industrial complex redevelopment consisting of an industrial warehouse, thermoelectric power plant and purifier serving the industrial area in Paliano (RM);
- Reconversion of the former Pirelli industrial complex in the industrial area of Ferrandina (MT) 20,000 square meters.