Company Credital verslui is the loan operator which has joined the Lenndy platform the latest and provides loans for small and average business in Lithuania. Currently, Credital verslui has transferred the loans for investors for more than 150,000 EUR. Growing confidence in this loan operator is determined by high-quality portfolio management: currently investors have no delayed loans. We invite you to get acquainted with this loan operator and the founder of the company Linas Armalys.
We provide business loans of up to 10,000 EUR which are usually intended to fund the working capital and it increases the growth of the company. We have several solid advantages:
We evaluate the results positively:
The working capital loans which we provide have a huge demand in the market. Banks and credit unions do not tend to provide small loans of up to 10,000 EUR and they usually require the Real Estate security, if they provide them. We provide loans online without securities, fast and comfortable. Therefore, the customers save their time and costs for property evaluation, mortgage and services of a notary public. Because of attention to the guarantors and financial data of the company we choose only reliable customers. Otherwise, we could not grow successfully. All these factors influence trust both from investment funds and from Lenndy investors. We really appreciate this trust and strive to maintain it.
We have development plans to neighbouring markets but our current aim is to get into Lithuanian market. There are still a lot of companies which have not heard about us and small business loan demand is still huge in the market.
It is a company which operates for 1.5 years, has a verified business model, is profitable and in the phase of rapid growth but because of such growth it faces a large lack of working capital (it must buy more and more raw materials, employ more people and take more and more profitable orders). The shareholders of the company are individuals between 30-40 years old who are experts within their fields, have a good credit history and it is probable that they were hired employees with very good income before starting their own business.
We provide loans with the surety of the owner of the company. We also sign a bill of exchange which significantly facilitates the process of recovery.
Before providing the loan the company and its guarantors are verified in various registers: we evaluate their credit history, historical income, Real Estate property registers, financial data of the company and so on. We monitor the companies whom we have granted the loans, i. e. we are informed about all important changes in activities of such companies (the data is received from external databases). In such a manner we react to difficulties and ensure timely recovery of the loan.
Currently, our portfolio is almost 1.3 million EUR. We have more than 300 customers and we have provided loans of more than 2 million EUR during our period of operation. In our portfolio we have 3.7% of recoverable loans, i. e. we are recovering 8 loans from 300. Six of the mentioned 8 loans are being repaid successfully. We are constantly improving risk assessment model; therefore, the number of bad loans is decreasing consistently.
We have to fund further growth of the loan portfolio and we see that we might be attractive to Lenndy investors due to our well-managed credit risk. Moreover, we lay out only those loans to investors which have been repaid successfully for several months already and we do not have doubts in their reliability.
To successfully grow by increasing awareness of our services in the market. To consistently improve credit risk evaluation model. To establish good reputation of our company between the customers, partners and investors.
The questions were answered by the director of Credital verslui - Linas Armalys. Before establishment of Credital verslui Linas Armalys have been working in Swedbank, one of the largest banks in Lithuania, in the field of loan products development for 8 years. L. Armalys was the head of the Loan Product Development and Maintenance Department in Swedbank Unit for the Products of the Baltic States Group, as well as the Unit of Consumer Loans Development and Maintenance. In 2011 he was acknowledged as Swedbank employee of the year for successful development of business line.
Linas Armalys obtained a Business Administration Master’s Degree with Honours (MBA) from Lomonosov Moscow State University and a Bachelor’s Degree in Communication from Vilnius University.