Ūkio paskola

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.