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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.
BG0000804
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.79 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 41,000.00 € | 32,000.00 € |
| Net profit | 29,700.00 € | 14,300.00 € |
| Equity ratio | 41.22% | - |
Documents
Payment schedule
Fresh land Ltd, a company founded in 2016, specializes in crop production in the village of Lozen, Haskovo district, Bulgaria. Wheat, sunflower, alfalfa, and potatoes are planted on 30,7 hectares of land.
The company also provides other services such as field preparation to the local farms in the area.
The HeavyFinance investor community has previously provided funds for the company, the total active balance is 18 383 € (BG0000351).
Now the company is seeking to borrow 15 000 € for working capital. The funds will be used to cover fertilizer costs and other farm expenses.
The loan will be secured by the personal guarantee of the project owner's brother, who is also a farmer. Moreover, the second pledge on the same tractor used as collateral for its first loan will be registered as an additional security measure for this loan (The market value of the tractor is 32 500 € while the remaining credit part of the first pledge is 18 383 €).
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.