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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.
BG0001470
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 302.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 337,240.76 € | 185,494.14 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Kubrat Tafrajski has been a farmer since 2012. He has applied for and won Rural Development Programme "Young Farmer" and EU subsidies under measure 121. The young farmer also plans to apply for article 6.1 subsidies which would subsidise half a million this year.
In the area of 302 hectares, the farmer grows wheat, sunflower, barley and maize on the land of several villages in the Vratsa and Pleven region. The farm is run by the farmer himself together with his brother and father who have years of experience in the field.
Now the farmer is looking for external finance for working capital, the funds from this loan will be used to purchase seeds and fertilizers. A pledge on a Zetor Proxima 100 will be registered to secure the loan, giving a 70% LTV.
The businessman has already been introduced to the HeavyFinance investor community as he has borrowed 2 loans with a total amount of 42 504 €. Both loans are being paid with 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.