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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.
BG0002163
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 111.52 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 44,993.69 € | 23,068.32 € |
| Net profit | 38,346.89 € | - |
| Equity ratio | 41.48% | - |
Documents
Payment schedule
Lilyana started farming over 10 years ago and now she is managing 111.52 ha of arable land in the village Staro selo, region Vratsa.
The pastures and hey on her farm are certified organic. The farm has all the necessary equipment, including 2 tractors, a mulcher, a mower, a hay harvester and a baler.
The agriculture expertise has been passed over within her family. Now her grandchild has started his own farm and recently has won the Rural Development Programme "Young Farmer".
Lilyana is known by the HeavyFinance investor community for her four previous loans, two of which were fully repaid.
Now the businesswoman is borrowing to refinance her loan BG0001628 which has the remaining principal amount of 26 652 and the remaining amount will be used for working capital.
The farmer is eligible to receive the EU subsidy (2024-2025) with the amount of € 43,7K from the total 111,52 cultivated hectares. The amount will be used as the primary pledge for this loan and will be used as a second-lien mortgage for her loan BG0002052 which currently has an outstanding loan amount of 11 643. €.
The subsidy to farmers supported under schemes and measures of the Common Agricultural Policy, including the scheme Single Payment per area from the State Fund Agriculture will be paid to the farmer's account where HeavyFinance has full access to the pledged receivable
Moreover, her daughter is providing her personal surety as an extra measure to secure the loan.
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.