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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.
BG0001654
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 72.00 ha | 4.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 60,400.00 € | 65,600.00 € |
| Net profit | 15,900.00 € | 5,000.00 € |
| Equity ratio | 50.4% | - |
Documents
Payment schedule
The farmer started working in agriculture in 2006, and now cultivates 72 hectares of land in the Yambol district, Bulgaria where he owns 4 hectares. Currently, he raises 72 dairy cows and sell his dairy production to large dairy companies where he has secured contracts with.
He also has a warehouse where he stores the fodder and the farm is well-equipped with all the necessary equipment to runs daily operations.
This is his third loan on the HeavyFinance platform. Currently, a total active loan balance is 41 843 €
Now the businessman is borrowing 11 000 € to cover the rental cost of the farmland as well as to purchase fodder for the animals.
The farmer is eligible to receive the EU subsidy with the minimum amount of € 33 765 from the total cultivated hectares and the animal raises 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.
For the year 2021-2022 agricultural year, the farmer received subsidies amounting to 21 800 €.
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.