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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.
BG0001050
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 270.00 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 635,000.00 € | 367,000.00 € |
| Net profit | 83,500.00 € | 48,700.00 € |
| Equity ratio | 33.32% | - |
Documents
Payment schedule
Dimitrovi IV Ltd. has been operating in Popovo, Bulgaria since 2009. The total cultivated area of the company is 270 hectares, which the company extended its farm territory by 20 hectares in 2022.
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 two loans BG0000558 and BG0000689 on the HeavyFinance platform, with a total principal amount of 113 600 €. Currently, the company has two existing loans with a total active balance of 152 500 € of which they have been meeting their obligations on time with zero delays.
Now, they are looking for additional finance of 101 000 € which will help acquiring brand new heavy machinery which will be pledged to secure the loan. The company "Bioinvest Ltd." which belongs to the project owner's father is also providing a guarantee for an extra measure of the loan.
In addition, the company has won a project under a European measure for the purchase of a tractor and equipment. The contract with the fund has been signed and it guarantees a subsidy in the amount of 42 855 €, which the European fund will pay within three months after the purchase of the equipment as well as a reimbursement of the 20% VAT. With the amount received from the subsidies, half of the loan amount will be repaid in 4 months, the LTV will be decreased significantly to 57% with the two remaining assets pledged.
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.