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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.
BG0001259
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 136.18 ha | 8.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 122,198.76 € | 93,566.41 € |
| Net profit | 14,827.46 € | 26,070.00 € |
| Equity ratio | 29.12% | - |
Documents
Payment schedule
Founded in 2015 by a family of farmers, the company has been specializing in crop production. The family cultivates crops such as wheat, sunflowers and barley on a 136-hectare farm located in the Vratsa region of Bulgaria. Farmers are always seeking for ways to expand their crop area, therefore they has expanded their farm territory from 115 ha to 136 ha today.
Owned a harvester, tractors and other machinery are used for daily farming activities.
The company has three active loan on the HeavyFinance platform. The company has fallen behind with their instalments for both loans as her husband has been hospitalised for more than 2 months. However, after her husband is fully recovered, the company's activity has been resume to normal and they have kept up with their instalment (with zero days late at the giving moment). Today, the company has a total active loan balance of 38 666 € from the total borrowed amount of 59 427 €. Investors has earned 5 535 € in interest.
Now the owner wants to take a loan for working capital in order to prepare for the season and buy seeds and fertilizers for her expanded business. Part of the loan will also be used to to refinance their first loan with HeavyFinance BG0000384 which has a remaining principal of 10 093 € After refinancing, the total active balance of the company will be 48 356 €.
To secure the loan, the company provides a grain harvester as a collateral, the same asset which was pledged as a security measure for their refinancing loan BG000381.
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.