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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.
BG0000805
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 62.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 42,354.00 € | 65,871.00 € |
| Net profit | 8,324.00 € | 35,816.00 € |
| Equity ratio | 31.95% | - |
Documents
Payment schedule
Founded in 2015, Group W Enterprise Ltd. is an agricultural company that operates in the village of Lozen, Lyubimets municipality, Bulgaria.
The company focuses on the production and processing of various agricultural produce, as well as providing preparation services for other farms in the area.
At this moment, the company leased land over 62 ha and is mainly sown with wheat and potatoes. The company has all the equipment needed for processing and harvesting.
This is the company's second loan on the HeavyFinance platform, the first loan (BG0000543) has a balance of 12 340 €.
Now the company is seeking working capital, which will be used to cover fertilizer costs. The owner of the company is providing the personal surety to secure the loan. In addition, the loan will be back with the second pledge of a combine (which is pledged as collateral for the first loan, the value of 18 500 €.)
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.