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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.
BG0000936
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.60 ha | 4.40 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 47,038.85 € | 11,759.71 € |
| Net profit | 16,872.63 € | 5,112.92 € |
| Equity ratio | 19.98% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer to earn even more. When investing, use the promo code Heavy936 and get 4.00% cashback.
Yordan Sybev established his company "Sybev Agro 74" 6 years ago in the Varna region, with the main focus on crop production.
Today, the farm cultivates a total area of 50.6 ha, of which 4.4 ha are owned. The arable land has been devoted to wheat, sunflower, barley, and corn. The company's machinery park includes a tractor, sower (planter), plough, harrow and harvester.
Now, the company plans to purchase two warehouses for supply and production storage. It will enable the farm to keep grain for longer and sell it for a higher price. Both warehouses will be used as collateral to provide more security to investors in this project.
Additionally, the agricultural entrepreneur seeks to diversify the business by growing more animals. He is, therefore, buying 160 goats.
The company already has one loan from HeavyFinance investor community. With the loan BG0000618 the farm bought a harvester and has been making timely repayments.
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.