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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.
BG0001184
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 15.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 507,000.00 € | 173,000.00 € |
| Net profit | 76,400.00 € | 12,800.00 € |
| Equity ratio | 18.37% | - |
Documents
Payment schedule
BIO Invest Ltd. has been operating in Popovo, Bulgaria since 2018. The company cultivates 15 ha of organic wheat and sunflowers. Their produce is mainly sold in the European market and they also participate in the trade of organic crops, which they have a certificate for. Besides, the company has secured contracts with French, German and Israeli companies
The company has all the necessary equipment needed for harvesting and processing as well as other implements, including the tractor, baler and front loader. It is also well-equipped with two large warehouses for storing the produce.
BIO Invest is already known by the HeavyFinance investor community as they have fully repaid a loan BG0000587 in November 2022 with a timely manner. The company recently borrowed the working capital loan BG0001164, the amount of 15 000 € which is currently in the documentation process before the loan disbursement.
Now the company is seeking for additional 33 000 € to increase its working capital. The loan will be backed by a pledge on a tractor, straw baler and front loader, with 66% LTV.
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.