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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.
BG0001375
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 136.18 ha | 8.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 125,266.00 € | 122,198.00 € |
| Net profit | 29,143.00 € | 14,827.00 € |
| Equity ratio | 34.44% | - |
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.
Having their first loan fully repaid on the HeavyFinance platform, the company currently has four active loans. 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. Today, the company has a total active loan balance of 55 968 € from the total borrowed amount of 89 225 €. Investors has earned 6 899 € in interest.
Now the owner wants to take a loan to a superior tractor to improve his main agricultural practices and become more efficient. The loan will be secured by the pledge on a tractor to be purchased.
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.