Credit union Magnus contributed to the development of EPbar, a well-designed nutritious and vitamin-rich product for athletes and not only. The loan granted by Magnus will allow not only to increase the existing production volumes, but also to introduce new, competitive products to the market.
A product designed for athletes
Currently, EPbar’s activities include the creation and production of a new generation of natural, nutritious, easily absorbable natural mineral materials and vitamins based products. Among the assortment offered by the company are cocoa creams, butter, energy balls, candied fruits, make-up, bars perfect for everyone and other healthy and vitamin-rich foods.
It is not surprising that the company’s products are extremely popular among athletes. EPbar products help such sports figures to recharge their energy, such as Lithuanian tennis champion Edas Butvilas, oil golf champion Giedrius Mackelis, world kickboxing champion Sergejus Maslobojevas and others.
The loan helped to purchase production premises
The loan granted to us by the Magnus credit union allowed us to purchase production premises, which we will rent until now. This will allow even bolder investment in production modernization. When we finally have our permanent home, we plan to buy and implement new technological solutions that will allow us to increase the production volume to 300 tons per year, – said Donatas Pauliukonis, head of EP gamyba of EPbar valdanios bendrovs UAB.
By modernizing its production lines, the company intends not only to increase production volumes, but also to invest in new, competitive products and continue to expand foreign markets.
Cooperation with Magnus Union gave us a new opportunity, professional and prompt communication and understanding of the product we are developing really pleasantly surprised us. We hope to continue to cooperate with this financial institution, develop more than just a product and reach a new stage of development, – said D. Pauliukonis.
Magnus’s focus pays off in small and medium-sized businesses
Although mon was founded only in 2021, in a short time it managed to achieve a brilliant result. This is shown both by the interweaving of sports communities and by good business results. We believe that after acquiring permanent premises and modernizing production lines, the company will continue to improve its financial results and continue to actively increase its market share in Lithuania and abroad, – said Laurynas Grauslys, head of credit union Magnus credit union.
He also noted that the credit union he represents receives more and more inquiries from representatives of small and medium-sized businesses (SMEs) regarding development loans.
It must be stated that banks operating in the region are not very interested in this segment, so it is a great opportunity for credit unions. Magnus works actively, lending to SMEs, operating in Vilnius city and district, we are among the strongest in this field, – says L. Grauslys.
Are you also interested in a business loan? For more information, visit www.magnus.lt or call 8688 98683.
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Topic Finance
