Susikurkite paskyrą vos keliais žingsniais ir pradėkite investuoti jau dabar!
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.
BG0002205
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.14 ha | 0.20 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 33,233.97 € | 22,803.61 € |
| Net profit | 18,917.79 € | 12,783.00 € |
| Equity ratio | - | - |
Documents
Payment schedule
Lachezar Suvandzhiev, a young farmer, started farming in 2019. He currently owns a greenhouse where he cultivates decorative flowers and potted plants for sale.
The greenhouse is located in the village of Draganovo, in the Veliko Tarnovo region, within the municipality of Gorna Oryahovitsa.
This is not the farmer's first loan on the Heavy Finance platform. He has previously entered into 5 loan contracts, 4 of which have been fully repaid. The farmer currently has one active loan, secured by real estate and land with greenhouses as collateral. All his loans have been serviced on time, reflecting his excellent credit history.
With this new project, the farmer seeks additional working capital to enhance his facilities, aiming to improve the cultivation process, increase his yield, and expand capacity during the winter season.
As a security measure for this loan, a second-lien mortgage on his property will be registered. The property is already collateral for HeavyFinance loan BG0001550, which has an outstanding balance of €15,938.21. The property's value was estimated at €33,800 in July 2023.
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.