Current investment opportunity offers CROWDESTOR investors to make a loan for construction company SIA ULRE.
Funding for company is needed for a military object cosmetic repairs on Krustabaznicas street 9/11 which is based on a request from Latvia Government. The object worth is 350 000 EUR while the current financing that they are seeking is EUR 100 000,00 for a period of 12 months.
1) Barracks 005 - the premises will be repainted
2) Barracks 004 -The building will be covered with heating system, 1st floor will have full electricity. The old flooring will be replaced with linoleum and walls will be covered with new wallpaper and paint. Regular doors will be automatized
3) Barracks 002 -The old flooring will be replaced with linoleum and walls will be covered with new wallpaper and paint.Regular doors will be automatized. Old windows will be replaced with fresh new windows. Suspended ceiling installation and pavement replacement will be needed as well.
4) Barracks 001 and garages – The garages will be re-energized. The plinth will be restored in the barrels and the pavement along the plinth will be replaced as well. New hinges will be welded to the garages and gates.
The amount of funding required for the current funds is EUR 100 000,00 for a period of 12 months.
Targeted amount: EUR 100'000
Loan term: 12 months.
Interest rate: 15 %
Interest payments: paid monthly
Loan repayment: In full at the end of the Loan Term.
Crowdestor BuyBack fund: Yes
Security: The loan is secured by a guarantee of the borrower company
Remember - interest rate payments start calculating from the day you make your investment!
Ulre was founded in 1994 and has been in the construction market in Latvia for 10 years.
The construction company “ULRE” provides construction services mainly in the construction facilities of the State and local governments.
The company operates a professional and experienced team capable of dealing with a wide variety of construction-related issues.
The quality of the services provided by the building undertaking is attested by the ISO 9001 certification carried out in 2017, while the implementation of standards ISO 14001 and OSHAS 18001, respectively, has been carried out by the company in order to demonstrate the responsible treatment of environmental and safety issues in 2017. All systems are regularly audited and reviewed.
Performance of CONSTRUCTION work, renovation of historic buildings, renovation of multi-story buildings, construction of industrial buildings, construction of private houses, design, construction of engineering services. The construction of sites shall be ensured by consistent compliance with the requirements of the quality, environmental and labour protection management system by continuous improvement of the system introduced in accordance with the requirements of binding standards, regulations and stakeholders.
The company's strategy is to ensure the quality stability of construction works, reduce environmental pollution and use of resources, and ensure a safe working environment for employees.
Hearing customer wishes, completion of requirements, respect for the balance between the quality of order execution, customer satisfaction and the economic interests of the company are the main drivers of action.
All employees of the company are involved in the implementation of company policy. Each member of staff shall be responsible for the quality and timely execution of his work, compliance with the environmental and labour protection requirements.
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