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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.
BG0001550
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.14 ha | 0.12 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 22,803.61 € | 20,579.50 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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Luchezar Suvandzhiev, a young farmer, started farming in 2019. Currently he owns a greenhouse where he grows decorative flowers and potted plants for sale.
The greenhouse is located in the village of Draganovo in the Veliko Tarnovo region, in the municipality of Gorna Oryahovitsa.
This is not a farmer's first loan on the Heavy Finance platform. The farmer currently has 4 active loans with a total balance of 12 989.48 € and he has been meeting his financial obligations with a timely manner.
With this project, the farmer aims to borrow 23 660 Eur to refinance the loan BG0000406 with the amount of 3 586.10 €. The remaining funds will be used for renovating and improving the greenhouse in order to enhance his yield and capacity during the winter season.
To secure the loan, his residential building and a plot of land which was used as collateral for the loan BG0000406 will be registered as collateral for this 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.