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.

PT0001373

Goal
19,300 €
Raised
19,300 €
100%
Return rate
12%
Rating
B
Period
10
Time left
LTV
70%
Country
Portugal
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXXXXXXXX - XXXXXXXÇÃX XXXÍXXXX, Xxxxxx Âxxxxx Xx Xxxxx Xxxxxxxx X Xxxx
Xxxx xx Xxxxxx, Xxxxxxxx, 4760 XXXX XXXX XX XXXXXXXÃX, Xxxxxxxx
header_1 Declared Owned
Farming land20.00 ha20.00 ha
20222021
Revenue 90,473.18 € 70,853.85 €
Net profit 16,797.70 € 7,294.69 €
Equity ratio 40.66% -
Project description
Documents
Payment schedule

Avervamos Lda owns 20 hectares of land that has been in his family business for over a century, with 12 hectares dedicated to wine grapes.

Following a major investment in a new watering system in 2020 and land improvements in 2021, they increased their production to 120 tons of grapes this year, from 80 tons in the previous years. This represented an increase of revenue from 70.000 euros in 2021 to over 90.000 euros in 2022.
The remaining 8 Ha of land has a large variety of cultures that are sold locally, including potatoes, onions, oranges, tangerines, lemons, pears, passion fruit, kiwi, and different types of cabbages which are sold locally.

They plan to continue doing land improvements and expanding the vineyard throughout 2023 to increase the production of grapes. 


The company has two loans with HeavyFinance with a total active balance of 17 215 €, which has been paid on time. They are now seeking a new loan of €19,300 to maintain the production and operation of the property for a period of 10 months. The loan is expected to be repaid with current tear grape production. To secure the loan, wine vats (24 tanks, 1500 liters) will be register as a pledge.


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.