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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.
BG0000779
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 20.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 18,000.00 € | 12,441.00 € |
| Net profit | 4,600.00 € | 1,023.00 € |
| Equity ratio | 37.95% | - |
Documents
Payment schedule
An experienced farmer founded an agricultural company in 2018 and now specializes in dairy farming. The farm is located in Elena, a region in Bulgaria, where currently 12 dairy cows and buffaloes, as well as 42 sheep are grazing. The company currently rents 20 hectares for its agriculture activities.
The farmer has ambitious plans to grow and develop the farm. One of them is to receive a bio-certificate, which will allow selling the dairy products as organic. Currently, the company is in the transition period to receive the bio-certificate.
Before establishing a company, the farmer has completed the EU modernization of agricultural holdings, which helps to adopt new processes to make the work more efficient. Now a new project under for the purchase of equipment and construction of a building has been confirmed. A contract has been signed with the state fund of agriculture and once implemented, the farmer will receive a subsidy of 50% of the cost. Therefore, the farmer is borrowing to cover the remaining part of the purchase of the equipment, the loan will be secured by a pledge on the equipment itself.
This is not the farmer's first project on the HeavyFinance platform - he previously borrowed 2 loans (BG0000309, BG0000369) with the active balance of 24 600 €.
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.