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.

BG0000090

Goal
33,786 €
Raised
33,786 €
100%
Return rate
13%

Rating
B

Period
35

Time left

LTV
57%

Country
Bulgaria

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxxx, Xxxxx Xxxxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

This project provides HeavyFinance investor community with an opportunity to invest in agricultural loan for a company cultivating 500 hectares of arable land. The firm has a lavender field, walnut tree field, and also grows grain among other plants.

Fields are located in Dalgopol, a town in northeastern Bulgaria, part of Varna Province, where the company started operating in 2009. To run operations efficiently, the company already has a tractor, combine harvester and more heavy equipment. This time, seeing an opportunity to add more heavy-duty vehicles to its’ fleet, the company is borrowing 33.786 € from HeavyFinance investor community. Consequently, three heavy-duty vehicles will be purchased:

  • Used excavator Caterpillar 320 CL
  • Used grain harvester Claas Jaguar 880
  • Used header for harvesting corn Claas Orbis 600

Annual interest rate:

  • Fixed annual interest rate - 13%


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.