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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.
BG0002239
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 1049.78 ha | 190.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 1,565,575.74 € | 1,944,954.32 € |
| Net profit | 243,374.94 € | 170,260.20 € |
| Equity ratio | 12.47% | - |
Documents
Payment schedule
Established in 1990, Erato-SIK-Ivanov, Stancheva & Sadrujenie is a well-regarded agricultural enterprise with a focus on cultivating grain crops, including wheat, triticale, and sunflower, alongside producing roses, lavender, cherries, and plums. To maximize their operations, the company has built an on-site distillery, enabling them to process essential oils from their rose and lavender fields, creating a full-cycle production system.
The company has a strong track record of continuous growth, investing annually in modern machinery to enhance productivity and efficiency. Their commitment to innovation and excellence was recognized in 2019, when they were awarded first prize for Agricultural Company of the Year.
With a solid foundation and a proven record of repayment, Erato-SIK-Ivanov, Stancheva & Sadrujenie remain a vital contributor to Bulgaria’s agricultural sector. This loan will support their ongoing growth and investment in sustainable farming practices.
This loan will be the company’s sixth, following a history of timely payments. The current active loan balance amounts to €208,276.09, which is fully collateralized. The owners are seeking additional working capital to purchase seeds and fertilizers, ensuring that their agricultural operations continue to thrive and expand. To secure the loan, a pledge on the 2018 combined harvester MASSEY FERGUSON 7370 will be registered. Moreover, the company's shareholder and his spouse are providing their personal guarantee 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.