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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.
BG0000953
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 38.02 ha | 5.90 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 99,190.62 € | 71,069.57 € |
| Net profit | 38,346.89 € | 27,098.47 € |
| Equity ratio | 38.4% | - |
Documents
Payment schedule
Plamen established his company in 2009, together with Dimitar. They have applied and received EU subsidies for the Rural Development Program to create ecological farming and to acquire machines and land needed.
Currently, the farm is ecological certified and operates 38 ha of land for the cultivation of plum and cherry orchard, hazelnut and walnut in the Targovishte region.
The company is seeking external finance to acquire a tractor and implements in order to optimised the process, therefore they are borrowing € 22 862. The loan is backed by the pledge on the tractor and implements to be bought.
This is the company's 3rd loan on the HeavyFinance platform, they have been making all instalments on time.
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.