Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Proportunity
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Material Debt & Facilities<ref name=":1" />== The Company and its subsidiaries have the following outstanding loans: #Β£1,250,000 Recovery Loan Scheme agreement with Conister Finance & Leasing Ltd, at an interest rate of 7.71% per annum. The loan is held by Proportunity Ltd and is to be repaid in monthly instalments with the final repayment on 24/10/2027. A debenture over Proportunity LTD has been granted as part of the arrangement. #A total of Β£697,000 of loan agreements from 4 individuals at an interest rate of 13% per annum. The loans are held in Proportunity Investor Newco. and are to be repaid by 30/09/2022. The capital is used to finance customer loans and is subordinated to the below mentioned asset backed financing from Conister. #The Company also has an asset backed financing agreement with Conister Finance & Leasing Ltd, this facility is held by Proportunity CB SPV, and the Company utilises this to give out loans to Proportunity customers. The total facility is Β£5,000,000, of which the Company is currently utilising Β£4,571,772. The facility has an interest rate of 8.5% per annum. The Company currently repays the facility on an interest-only basis. The principal is held on a yearly rolling contract, with the next extension date set on 12 April 2023 As part of the agreement there is a Parent Guarantee from Proportunity Ltd in the case where Proportunity CB SPV cannot pay. The funds raised from this investment round will not be used to repay these loans.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)