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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
BG0000778
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 14.00 ha | 4.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 9,000.00 € | 14,000.00 € |
| Net profit | 3,000.00 € | 12,000.00 € |
| Equity ratio | 45.95% | - |
Documents
Payment schedule
This project provides HeavyFinance investors an opportunity to provide funding for a Bulgarian dairy cow farm located in Veliko Turnovo Region.
The company started its business in 2016, and now manages 14 ha of land. Currently, the company keeps 24 dairy cows and 40 sheep as well as grows alfalfa and grain.
The company has a contract with the local dairy company to secure its milk production. There are several pieces of equipment used in the farm, including tractor, cultivator, seeder, sprayer and milking parlor.
Now the company is seeking to borrow 10 000 € to increase its working capital, the fund received will help the company to purchase more cows and sheep.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.