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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.
BG0002191
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 33.72 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 61,866.32 € | 21,985.55 € |
| Net profit | 17,895.22 € | 4,091.00 € |
| Equity ratio | 13.98% | - |
Documents
Payment schedule
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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 11 cattle, as well as 37 sheep are grazing. The company currently rents over 33 hectares for its agriculture activities.
The farmer has ambitious plans to grow and develop the farm. The farm has received a bio-certificate, which allows selling the dairy products as organic.
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.
This loan aims to fully refinance 2 loans (BG0000369 and BG0000309) and repay part of BG0000779 on the HeavyFinance platform. After refinancing, the active loan balance will be 49 500 €. To secure the loan, the tractor DEUTZ-FAHR 5100 (2019) will be registered as collateral.
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.