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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.
BG0002214
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 72.66 ha | 4.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 58,894.68 € | 60,400.00 € |
| Net profit | 8,958.34 € | 15,900.00 € |
| Equity ratio | - | - |
Documents
Payment schedule
Panayot Panayotov, a farmer since 2006, currently manages an agricultural business in the Yambol district, Bulgaria. He cultivates 72.66 hectares of land, of which 4 hectares are his own. His farm is home to 75 dairy cows, with the milk produced being sold to a large dairy company under a secured contract.
Panayot’s farm is fully equipped with all necessary machinery for soil cultivation, and he also maintains a warehouse for storing fodder. In addition to his own labor, he employs one permanent worker to assist with daily operations.
This is Panayot’s fifth loan on the HeavyFinance platform, with one of his previous loans already fully repaid. Currently, his total active loan balance stands at 33 464 €.
With this new project, he aims to refinance his existing subsidy loan BG0001654 which has the outstanding balance of 1 954 € as the subsidy repayment scheduled has been delayed. The remaining funds will be allocated to working capital.
The farmer is eligible to receive the EU subsidy from the total cultivated hectares and the animal raises which will be used as a security measure for this loan. 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.
For the year 2024-2025 agricultural year, the farmer will receive subsidies amounting to 38 954 €
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.