Seafood Processing Company Seeking Loan in Gela, Italy

- The farm is in the final phase of construction, we have completed 80% of the construction, and the last 20% remains to be completed.

- The plant will use a new technology for the recirculation of water which will feed another algae farm for nutrition for a biological cycle.

- We think we will go into production in the first months of next year. Will generate revenue post 3 months into production.

- Business was registered 7 years ago but we are yet to generate revnue.

Looking to process Shrimp (vannamei and black tiger).

Tangible assets include installations like breeding tanks, fattening tanks, and other technological equipment.

We have an area granted under concession by the largest Italian public company. The concession is for 40 years. the area is 50,000 m2 of which 1,500 m2 is shed.

- The activity is financed 50% by European funding and the remaining 50% by the owner.

- Company has 1 owner.