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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.
PT0001397
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 50.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 213,099.14 € | 229,994.19 € |
| Net profit | 479.62 € | 3,777.52 € |
| Equity ratio | 39.34% | - |
Documents
Payment schedule
Established in 2012 with 5 Ha of farmland in Vale Mondego, the company gained expertise in growing ecological production. Having needed certificates and using sustainable practices, the farm sells its' production for a higher price and also gets more subsidies from the government. You can learn more about the farm in a special video from our visit below.
Over the years, the farm expanded and now has 50 ha of arable land while hiring 6 full-time employees and more workers to face the needs of peak seasons.
The farm specializes in the production of aromatic and medicinal herbs, particularly mint (Mentha piperita), lemon balm (Melissa officinalis), marjoram (Origanum majorana L.; Majorana hortensis M.), savoury (Satureja montana), thyme (Timus Vulgaris), French tarragon (Artemisia dracunculus) and lemongrass (Cymbopogon citrates). The company sell most of their production to a French distributor "L’Herbier du Diois".
Foz dos Aromas needs a 6-month bridge loan to purchase and install solar panels, as they have an approved governmental subsidy for this investment. The loan will be repaid once the panels are fully implemented and the funds are received.
The company has fully repaid two loans with HeavyFinance with a total amount of 58 750 €, and currently has two active loan with an active balance of 112 853 €. The HeavyFinance investor community has already earned 17 225 € of interest in total.
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.