We present a new phased financing project "Jersika chips", the funds of which will be allocated to companies to increase working capital. The amount to be raised at this stage is EUR 90 000.

The aim of the project:
The owner of the project has been producing potato chips since 2011, the sales of which have recently started in Lithuanian shopping centers. In order to increase sales and expand geographically, the company needs working capital. For this purpose, the company mortgages the production/storage premises with a plot of land.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, the potato chip factory and 3.18 hectare land plot are pledged at Līvānu novada, Jersikas parish Gumertgrāveri "Tisa". According to an independent real estate appraiser, the value of the property pledged to investors is EUR 560 000.  

Maximum planned amount of funding for the project: EUR 179 900. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
- From 100 EUR to 499 EUR – 11%
- From 500 EUR to 999 EUR – 11,5%
- From 1 000 EUR to 4 999 EUR – 12%
- From 5 000 EUR to 9 999 EUR – 12,5%
- From 10 000 EUR – 13%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.