Matterealize Design Inc
611 Lake Linnet Cres SE
Shareholders: Davide Veronesi 100%
Matterealize Design Inc is an Alberta Corporation.
Description of Business
Matterealize Wines is a boutique wine importer in Calgary focused on bringing truly local Italian wines to Alberta. Rather than providing wines from the major exporting brands, Matterealize Wines seeks to import the kind of wine Italian families would drink around their own dinner tables. The company currently imports one wine, a Ripasso, into the province.
Use of the Funds
Matterealize Wines is looking to raise $5,000 on ATB LendR. These funds would enable to company to increase its portfolio by purchasing another SKU and importing a second wine. Ultimately, Matterealize Wines aims to have 10 SKUs in its portfolio.
Terms of LendR Loan
Loans will have a term of 1 years (12 months), beginning after the loan is successfully funded. Matterealize Design Inc. will repay the principal plus 15% interest, calculated as a blended loan. Matterealize Design Inc. will make monthly payments of 1/12 the total repayment amount. Matterealize Design inc. may not prepay the whole or any part of the principal sum under the Loan without ATB’s written approval, which may, at the sole option of ATB, be conditional on paying a prepayment privilege equal to 3 months’ interest payments.
Matterealize Wines has been in business for almost 2 years. There are financial, operational, and market risks for any business. Some that apply specifically to this business include:
The wine importing market is extremely competitive
Being a smaller company, it may be difficult to reach potential customers
Larger companies may be able to offer the similar product(s) at a lower price.
This lending profile does not contain a statement that, in a material respect and at the time and in light of the circumstances in which it is made, is misleading or untrue and it does not fail to state a fact that is required to be stated or that is necessary to make a statement not misleading.
Certified as of: September 27, 2018
By: Davide Veronesi