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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.
BG0000392
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Spending time in a quiet village surrounded by nature can be a dream of a lot of us. This project owner knows it perfectly, and now he is planning to re-build two buildings, transforming them into welcoming guest houses in order to develop rural tourism in the region.
The businessman established his company in 2016 with the idea to start renovating and building houses in the rural areas in Bulgaria. In order to gain more experience, the company's owner went abroad to work in the construction sector and last year came back to his homeland with even more enthusiasm to revive rural tourism in Bulgaria and prove that it can be a worth-visiting destination for holidays. The company aims to position itself as an expert offering comprehensive solutions for interior design and renovation of houses. The first company’s big project requires an additional investment - the project owner desires to renovate two buildings into guest houses, therefore to implement this plan, the company is borrowing from the HeavyFinance investor community.
Annual interest - 13,5%
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.