Mitis, UAB

B
FinoMark
B3
GOscore

100% financed

25 000.00 € financed / 25 000.00 €
Financed within 8 h 9 min
Loan amount
25 000.00 €
Interest
12 %
Credit term
36 mo.
Average monthly payment*
880.36 €
Purpose
For working capital
Interest's paid
Monthly

Collaterals

2 personal guarantee(s)

UAB “Mitis” specializes in the trade of industrial sewing machines, spare parts, accessories, and related equipment. The company works with clients both in Lithuania and abroad, serving companies in the light industry, sewing, repair, and manufacturing sectors. Online sales are also being developed, and the sales geography is being expanded. The company has been operating in the market since 2014, and the specialists working in the company have more than 30 years of experience in this field.

FinoMark comment

Mitis UAB - professionals in the trade of industrial sewing machines, spare parts, accessories, and related equipment. The company requires working capital.

Project description

The loan funds will be used to increase inventory, pay supplier invoices, fulfill customer orders more quickly, expand online sales, and diversify the sales geography. Financing is needed for business growth and more stable working capital management, rather than to cover short-term financial gaps.

Purpose of raising funds

For working capital

Important information

Please note that FinoMark employees and/or related parties have also invested in this project. FinoMark ensures that the investments made by such persons are carried out under the same conditions as those applicable to other investors and that no preferential terms or privileged access to information are granted to them. We further note that this information is not and should not be considered a recommendation to invest in this project.

Information about project owner

Company title
Company address
Girulių g. 5, LT-12124 Vilnius
Company code
303333963
VAT code
LT100011596918
The number of employees
3
Company turnover
500001-1000000
Company established in
2014
Contact phone
37061476014
Company website

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