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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.
BG0001584
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 45.83 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 17,250.00 € | 17,154.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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Ivan Chubrin has started his business in 2015, his farm is located in Dolna Banya , Sofia.
The farmer grows pastures, sunflowers, and triticale in a 45.83 ha of land.
Now Ivan is seeking for additional 14 574 € to increase the working capital. The farmer is eligible to receive the EU subsidy with the minimum amount of € 21K from the total 43.62 cultivated hectares which will be used as a security measure for this loan. The subsidy to farmers supported under schemes and measures of the Common Agricultural Policy, including the scheme Single Payment per area from the State Fund Agriculture will be paid to the farmer's account where HeavyFinance has full access to the pledged receivable.
The farmer is already known by the HeavyFinance investor community as he has one existing loan BG0001166 taken under his name with the active amount of 8 500 €. He also owns an agricultural company "Bio Agro Group 13 Ltd" that is ecologically certified and cultivates 9,59 ha (of raspberries and strawberries) and has taken a loan BG0001151 under the company name with an active balance of 15 000 €.
The risk assessment of this project was carried out with his personal financial information (tax declaration), separating from his company.
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.