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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.
PT0001304
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 8.00 ha | 8.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 79,576.00 € | 47,324.64 € |
| Net profit | -29,340.23 € | -42,823.59 € |
| Equity ratio | 1.76% | - |
Documents
Payment schedule
Feliz Aptidão, Lda is a horticulture production firm situated in Beja, Portugal, that has been in business for eight years. The company has earned a reputation for producing high-quality crops while maintaining ecologically friendly and productive agricultural procedures.
Thanks to funds received from the HeavyFinance investor community last year, the company's sales performance has improved by more than 60% compared to the previous year. This expanding trend reflects the company's optimistic financial outlook and long-term commitment to financial sustainability. With 8 hectares of owned property devoted to production, Feliz Aptidão, Lda provides a solid platform for continuous expansion and success in the horticulture sector.
In early 2022, the company borrowed €10,000 from the HeavyFinance investor community and has regularly made on-time monthly payments, currently has an active loan balance of 7 759 €. Now, the company is applying for a €17,000 loan to help with the upcoming Green Asparagus harvest, which will allow them to anticipate cash flow, save labour expenses, and early repay the loan made last year at HeavyFinance. This money will enable the company to maintain its commitment to productive farming techniques. To secure the loan, the pledge on a New Holland tractor (made in 2017) will be registered, providing a 40% LTV.
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.