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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.
BG0001338
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 270.00 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 635,000.00 € | 367,000.00 € |
| Net profit | 83,500.00 € | 48,700.00 € |
| Equity ratio | 33.32% | - |
Documents
Payment schedule
Dimitrovi IV Ltd. has been operating in Popovo, Bulgaria since 2009. The total cultivated area of the company is 270 hectares, which the company extended its farm territory by 20 hectares in 2022.
The farmland is now allocated for wheat (120 ha), organic sunflower (120 ha), and alfalfa (30 ha), their produce is mainly sold in the European market. The company has all the necessary equipment needed for harvesting, processing and other smaller implements, including the combine harvester and tractor.
Dimitrovi IV Ltd. is already known by the HeavyFinance investor community. The company has fully paid two loans BG0000558 and BG0000689 on the HeavyFinance platform, with a total principal amount of 113 600 €. Currently, the company has three existing loans with a total active balance of 152 500 € of which they have been meeting their obligations on time with zero delays.
Now, they are looking for additional finance of 33 000 € which will help increase the working capital. The loan will be secured by a pledge of 7 pieces of equipment, providing 50% LTV. The company "Bioinvest Ltd." which belongs to the project owner's father is also providing a guarantee for an extra measure of the loan.
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.