agriculture_loan

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Dimitrovi IV Ltd. has been operating in Popovo, Bulgaria since 2009. The total cultivated area of the company is 270 hectares, which increased by 20 hectares this year.

The farmland is now allocated for wheat (120 ha), organic sunflower (120 ha), and alfalfa (30 ha), their produce is mainly sold in the European market.

The company has all the necessary equipment needed for harvesting, processing and other smaller implements, including the combine harvester and tractor.

Dimitrovi IV Ltd. is already known by the HeavyFinance investor community. The company has fully paid the loan BG0000558, amount of 85 600 € in 8 months. In addition, it has repaid half (14 000 €) of the principal of the loan BG0000689 and the remaining principal is expected to be covered this December.

Recently, the company took one additional working capital loan from the HeavyFinance investor community, the loan is currently in the documentation process. 

Now, the company is seeking for additional 85 000 € to increase its working capital (mainly to cover fertilizer costs). The company is providing 3 pieces of equipment to secure the loan. The total value of the collateral is 125 500€, which results in 68% LTV.