Expanding Electrical Services Domestically with Small Business Financing

First approached RoCredit for financing

Hantig Electriservices | Client of MicroVest portfolio company, RoCredit

Hantig Electriservices is a Romanian electrical systems contractor that provides consultation and construction services for plumbing, electrical, and HVAC systems. Although the majority of Hantig’s contracts originate internationally, the founders were seeking financing to build a domestic presence in addition to other activities. After having been refused credit by several Romanian Banking Institutions, Hantig sought financing from RoCredit in 2019, utilizing RoCredit’s monthly repayment loan as well as a credit line for discounts.

With RoCredit’s help, Hantig was able to establish a new business line, generate predictable cash flows, meet payroll, finish contracted works on schedule and obtain materials with advance payment, for which Hantig receives a 10% discount.

The client of our portfolio company profiled here is for educational purposes only and may not represent all of the portfolio holdings. It should not be assumed that investments in the company identified and discussed were or will be profitable. The companies profiled were selected based on their financial inclusion and impact with no reference to amount of profits or losses, realized or unrealized.