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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.
BG0001068
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 34.24 ha | 12.30 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 51,640.48 € | 31,188.80 € |
| Net profit | 8,180.67 € | 1,533.88 € |
| Equity ratio | 18.96% | - |
Documents
Payment schedule
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Hicks-Agro 78 EOOD is a company founded in 2016 to produce and process agricultural products. The firm declares 30 hectares of arable land where it mainly grows wheat, corn, sunflower, and alfalfa. Besides, there’s a small part of the land dedicated to growing onions (around 3 ha).
Being a small farm with an entrepreneurial founder, Hicks-Agro 78 also provides services to other farmers to increase its revenue and to use the equipment more efficiently. The company currently owns a combine harvester (bought with a loan from HeavyFinance), a tractor, a plough and a seeder. The oldest item was made in 2010.
Hicks-Agro 78 EOOD is looking for external finance of 15 000 €. The purpose of the financing is to expand the rented land and buy seeds and fertilizers.
The company is known by the HeavyFinance investor community as they previously borrowed a load BG0000124, the active balance is 8 113 €. The company has been meeting its obligations in a timely manner.
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.