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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.
BG0001020
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.82 ha | 0.14 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Vatev - TS Ltd was established in 2012 in the Pabel Banya region, Bulgaria. The company cultivates 13 tons of tomatoes, 5 tons of peppers and expected 7 tons of cabbage and pumpkin combined this year. The farm produces are sold in the Bulgarian local markets.
Due to a personal health issue of the project owner, the company has paused its operation for more than 2 years. Now that the project owner is completely healed, he wishes to continue the activities and expand its farmland. He also plans to build greenhouses in order to extend the crop season. Moreover, the project owner also has a vision of building a plant for canning production to vertically integrate the process.
The company is looking for 47 450 € of working capital to make it happen. The loan will be backed by a pledge on a 0.4386 ha of a surveyed land plot (урегулиран поземлен имот, УПИ) with electricity and water supply permission, together with the warehouse and industrial building.
The company recently borrowed 18 150 € from the HeavyFinance investor community (BG0001021), the company has been meeting its obligations on time with zero delays.
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.