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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.
BG0001368
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 25,100.00 € | 13,800.00 € |
| Net profit | 3,500.00 € | 500.00 € |
| Equity ratio | 51.18% | - |
Documents
Payment schedule
Bioles Komers OOD was established at the beginning of 2020 as a logging contractor around the area of Lazartsi village, Bulgaria. The company participates in state and municipality tenders for plots designated for logging. Moreover, the company also executes contracts with larger companies in the country as a subcontractor.
Despite the heat of covid during the early days of its establishment, the company has been making great progress and its services have been realised quickly thanks to the shortage of supply in the market.
The HeavyFinance investor community has already made contribution to the development of the company through the loan BG0000994 which was used to purchase equipment and working capital.
Now Bioles Komers is borrowing 5 000 € from the HeavyFinance investor community. The fund will be used to secure the lease for two plots of land.
The company's director together with his relative who also works in the company are providing their personal guarantee to secure 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.