Ūkio paskola

Elicon Baltic, UAB was established in 2013 by a German businessman Ronald Branick. Since then, his venture grew into the company managing a farm with more than 680 hectares of arable land.

Furthermore, his family owns one more agricultural firm, thus, the household works around 1.000 hectares of arable land. A big part of this land is being leased from other companies.

9 employees are working at Elicon Baltic. They mainly plant and harvest winter wheat and rapeseed among other plants. The company already has several tractors, combine harvester and other heavy-duty vehicles. For a further productivity increase, Ronald decided to buy a new tractor Deutz-Fahr 6215 Agrotron for 115.978 Eur including VAT. However, he would like to pay for this purchase in instalments.

Therefore, he proposes HeavyFinance borrower’s community to provide him with a loan for 36 months with the interest rate of up to 13%. The loan amount is 70.000 Eur and the down payment of more than 45.000 Eur will be paid to the seller directly. Consequently, loan-to-value ratio is 60%.

For more information please visit sections ‘Project Owner’ and “Document’.

Interest rates:

• Investing from 100 € - interest 10,4%
• Investing from 1.000 € - interest 11%
• Investing from 5.000 € - interest 11,5%
• Investing from 10.000 € - interest 11,8%
• Investing from 20.000 € - interest 12%
• Investing from 40.000 € - interest 13%

Purpose of the loan:

To purchase tractor Deutz-Fahr 6215 Agrotron

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-10
• End date of the financing period: 2020-11-24, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: from 10,4% to 13%.
• Loan term: 36 months
• The project owner will repay the principal according to the schedule below: 
• November, 2021 (16 171 Eur)
• November, 2022 (16 333 Eur)
• November, 2023 (37 496 Eur)
• The Interest will be paid monthly.