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FinoMark comment
FinoMark made a decision to enter into an agreement with UAB "Investicijų komanda", granting short-term loans of up to 9 months to meet the current needs of the company. This loan is guaranteed by all three other companies that are shareholders of the Kaita Group, thereby spreading the risk among all shareholders. Such an arrangement helps to ensure business continuity and stability between project phases until revenues are generated from ongoing projects. or other sources, helping to maintain the smooth execution of projects and financial stability.
Project description
UAB "Investiciniai partneriai" will direct the funds received from investors through the FinoMark platform to the financing of UAB "Kaita Group" projects. These funds will help cover short-term financial obligations such as contractor payments, building materials and other project costs. In this way, the continuity and stability of projects is ensured until the income from ongoing projects or rent is received. In addition, the funds will be used to cover rent and administrative costs to keep projects running smoothly.
Purpose of raising funds
For working capital