Credit description

Loans to an enterprise whereby the object of lien is often not in the hands of the borrowing enterprise but of the Director/Major Shareholder. The Loan will be concluded to generate “working capital” or to make a purchase.

The intention is to redeem this Loan as soon as a bank credit is available, by the sale of the object of the lien or by the sale of other investments from private source.

For instance:

A B.V. that wishes to start a new production line, but has yet disposition over an insufficient Cash Flow.

The Loan will be concluded whereby a part of the real estate portfolio of the Director/Major Shareholder serves as object for the surety.

Abbreviated terms and conditions:

  • Scope: Starting from €250.000
  • Loan to value: 50% up to 100%
  • Duration: between 6 and 24 months
  • Form: Both first and second mortgage possible
  • Redemption: redemption-free or during duration of the loan
  • Interest Rate from 0,75% per month, dependent on the subject of the surety and “Loan to value”.
  • Offer within 2 days
  • Transport-transfer of sums: 5-10 days