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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.
BG0000321
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The fast-growing Bulgarian agricultural business is preparing for the new season. Vileks agro, established in 2014, currently cultivates 150 hectares of farmland, where wheat, sunflower, barley, and corn are grown. To increase the variety of farm’s production, the company owns 10 hectares of peach’s orchard in the Goran village, Lovech region. Since the first days of operations, the company heavily invested in the technical fleet, which now consists of 3 tractors, a harvester, a seed drill, ploughs, harrows, and cultivators.
Last year was successful for the company - even though it was only the second season of harvest, it helped the company to earned enough to maintain further operations. Since Vileks agro is focused on growth, it requires additional help from the HeavyFinance investor community to purchase enough seeds and fertilizers. Three tractors will be pledged to secure the loan.
Area of declared land: 160 hectares.
Annual interest
- Investing from 100 € - interest 11,1%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,1%
- Investing from 2.000 € - interest 12,6%
- Investing from 5.000 € - interest 12,8%
- Investing from 10.000 € - interest 13,2%
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.