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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.
BG0000934
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 232.00 ha | 8.80 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 217,299.05 € | 149,297.23 € |
| Net profit | 8,181.00 € | 19,430.00 € |
| Equity ratio | -10.97% | - |
Documents
Payment schedule
With this project, we invite you to invest in a grain farm located in the village of Boryana, Dalugopol district, Varna region, North-Eastern Bulgaria. The company AgroStar 2008, Ltd, founded in 2008, cultivates 30 ha of wheat, 70 ha of barley, 6 ha of sunflowers, 60 ha of corn and 82,7 of alfa-alfa. The firm is registered as an agricultural producer in the Bulgarian Ministry of Agriculture.
The company’s fleet consists of two tractors, a grain loader, a hydraulic roller, and other additional equipment, like harrow, plough, haymaker.
With this project, Agro Star 2008, Ltd is borrowing 29 060 € to increase their working capital in order to buy fertiliser, a new header and to keep new rented fields.
This is the third company’s project on the HeavyFinance platform, the total active balance of 2 previous loans is € 28 413,19.
The loan is back by the second rank mortgage on the Harvester CLAAS TUCANO 440 and CLAAS header 6.60 value of €81 260 which is also used to secured his first loan, BG0000168 with remaining principal of €19 568 and the interest of €2 945. The LTV of the loan after deducted the remaining principal and interest is therefore equal to 50%. On top of that, the company's director is providing a personal guarantee for an extra measure of the loan.
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.