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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.
BG0001297
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 2.00 ha | 1.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 19,400.00 € | 16,000.00 € |
| Net profit | 7,200.00 € | 6,000.00 € |
| Equity ratio | 31.39% | - |
Documents
Payment schedule
Mr. Panayotov has been farming for 14 years however the farmer registered the farm in late 2018 after years of experience. Today, he cultivates 2 ha of orchards in the Veliko Turnovo Region. The farmland is divided equally into 1 ha of plums and 1 ha of apples. All of his fruit productions are sold in the local market.
In addition to the agriculture business, the farmer also has another stream of income from a full-time job as a manager in a logging company.
He has a small tractor with a trailer, a sprayer, a mower and a professional chainsaw to help optimise the farm works.
The businessman is already knew by the HeavyFinance investor community, he borrowed 8 000 € with the loan BG0000905 to support the construction cost of building a small storage facility.
With this development, he is now ready to extend his apple orchard by an additional one hectare. To make it happen, the project owner is looking for additional 7 000 €. The loan will be secured with sole accountability from the farmer himself, together with a personal guaranty from his cousin who also works in the farm.
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.