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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.
BG0002245
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 52.89 ha | 13.70 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 83,024.77 € | 21,193.96 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Stoyanka Todorova has been a farmer since 2006, with her farm located in Bolyarovo, Yambol region, and ecologically certified. Together with her son, they cultivate 53.49 hectares of wheat, millet, and coriander. Out of this, Stoyanka owns 13.7 hectares of land.
Her son, who operates the business, recently underwent surgery to remove a tumor from his head and is now in recovery. Due to his health issues, they faced financial difficulties. Despite the challenges, their farm remains a thriving business. Stoyanka’s income has increased fourfold in 2023 in comparison to 2022.
To address delayed loan installments and ensure they are well-prepared for the upcoming season, Stoyanka is seeking a loan for refinancing the existing loan balance of 6074 € and the remaining amount will be allocated to working capital.
The farmer is eligible to receive the EU subsidy with the minimum amount of € 42,3K 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.
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.