OrganoClick AB today announces that it has secured a loan of SEK 13 million from Almi. The Loan strengthens OrganoClick’s financial position and maneuverability in a phase where the Company continues its international expansion of its consumer brands and several of the Company’s industrial customer projects are approaching commercialization.
The Loan amounts to a total of SEK 13 million with a term of 60 months, featuring straight-line amortization following an initial 6-month amortization-free period.
“We are happy to have strengthen our financial position with this loan, and happy to start this collaboration with Almi. Now we continue to focus on our sales development, adapting our cost structure according to our plan, and make the strategic change of business model within our business unit Wood protecion”, says Mårten Hellberg, CEO of OrganoClick.