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agriculture_loan
agriculture_loan_description
LT0000255
| project_owner | address |
|---|---|
| header_1 | declared | owned |
|---|---|---|
| Farming land | - | - |
| revenue |
| net_profit |
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About the project
This project provides the HeavyFinance investor community with an opportunity to finance a loan of a Lithuanian leader in renting second-hand machinery - Nova rent. The collected funds will be used to acquire a used tractor.
Launched in 2017, Nova rent is a leader in used equipment rental and service in Lithuania, which is successfully expanding its operations abroad. HeavyFinance investor community has already fully invested in several loans listed on the platform - the total current company's loan portfolio is 632.170 €. Nova rent has already repaid three loans, which value was 254.000 €.
The company is now borrowing 76.200 € to buy a tractor John Deere 8310R (made in 2014). The loan will be secured by pledging the purchased equipment, which is worth 108.900 € including VAT.
Annual interest
- Investing from 100 € - interest 8,7%
- Investing from 500 € - interest 9,4%
- Investing from 1.000 € - interest 9,7%
- Investing from 2.000 € - interest 10,0%
- Investing from 5.000 € - interest 10,2%
- Investing from 10.000 € - interest 10,4%
- Investing from 20.000 € - interest 10,9%
project_risks
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additional_information:
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