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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.
BG0001296
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 131.18 ha | 5.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 144,695.60 € | 125,266.51 € |
| Net profit | 25,053.30 € | 8,693.00 € |
| Equity ratio | 19.13% | - |
Documents
Payment schedule
“Slavyantsi 04” is an agricultural cooperative located in the village of Slavyantsi, Sungurlare municipality, Burgas region, Bulgaria. Established in 2007, the farm is located in the Sungurlar Valley which is nestled in the southern foothills of the Balkans. The region has a long-standing tradition of growing grapes and producing wine which Slavyantsi is continuing today.
The farm has been managing a total area of 190 ha in the past few years, and now has decided to reduce to rented land area. Today, the cooperative manages a total area of 131.18 ha which they claim to be most efficient, cultivating 30,16 ha of vineyards, 4,5 ha of cherry trees, and the rest is allocated to cereals cultivation - wheat, sunflower, and alfalfa. Part of the farmland is also dedicated to residential buildings for the local people.
They supply their grape to a local distillery to produce wines for export and for the domestic market.
Now the project owner needs to increase the working capital to purchase fertilisers and seeds. The loan will be secured by a pledge on a wheeled tractor
The company previously has three loans on the HeavyFinance platform (BG0000595, BG000743, and BG0001947), the current balance is 21 139 €. All instalments have been executed in 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.