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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.
BG0000984
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 322.55 ha | 170.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 263,315.32 € | 151,853.69 € |
| Net profit | 5,112.92 € | 3,579.04 € |
| Equity ratio | 11.15% | - |
Documents
Payment schedule
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Located in the Brezovo region, Bulgaria, Bioprim LTD is a company owned by two brothers who started their business in 2005 and later registered as a company in 2019. Bioprim cultivates roses, sunflowers, alfa-alfa flowers and wheat fields spanning over 322 hectares. In 2021 the company received an organic licence for their roses with which they produce rose oil.
Bioprim is now part of a project for European Union subsidies, measure 4.2. Their current aim is to open their own distillery for essential oil production.
Now they need a working capital from the HeavyFinance investor community in order to proceed further with the project. The farmer declares 322,55 ha of land, of which 170 ha are owned.
The loan will be secured by a second-rank mortgage on a 0.45 ha of farmland. The land value of 40 399 € was registered as a collateral of the company's first loan (BG000558) on the HeavyFinance platform, the remaining principal is 13 690 €. The second rank mortgage will be register will a value of 20 831 € which results in a 72% LTV.
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.