AS Reģionālā investīciju banka (RIB) and SIA RSkorpions have signed a loan agreement in the amount of 4.7 million euros for the purchase of an Orange Cash & Carry store, warehouse and office building, as well as for financing the company’s working capital.
AS Regional Investment Bank Head of Business Services Department Armands Cocaine: “The pandemic has brought unforeseen adjustments and uncertainty about growth opportunities in the near future in many sectors. Companies have become more cautious and are taking their development plans and funding opportunities more seriously. The bank also does not approach funding formally, but with an understanding of finding individual solutions for companies in various industries. In addition, companies that are thinking about development and making further growth plans can now use favorable borrowing rates to obtain relatively cheap financing. This time, our support has given the customer the opportunity to purchase the building in which it takes place Orange Cash&Carry main activity and development. As a result, the company will become the owner of the building. ”
BOTH RSkorpions Member of the Board Antra Kalniņa: “Premises, their specifics and location are important in our industry. Find analogous premises is difficult because the rental market with specific objects is limited. Therefore, we carefully weighed and evaluated the opportunities for cooperation and real estate market trends. By becoming the owner of the object, it helps us to reduce the monthly expenses, as well as provides an opportunity to accurately plan the budget and its future development. We have balanced the actual rental expenses by fixing them with a long-term loan payment. We see this as an opportunity to invest in the further development of the company. ”
BOTH RSkorpions
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