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.

BG0002256

Goal
39,511 €
Raised
39,511 €
100%
Return rate
From 12.6%
Rating
C+
Period
12
Time left
LTV
70%
Country
Bulgaria
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXXXXXXX 96 Xxx, Xxxxx Xxxxx
Xxxxxxx Xxxxxxxxxx, xxxxxxxxxxxx Xxxxxxxxx, xxxxxx Xxxxxxx
header_1 Declared Owned
Farming land136.74 ha22.00 ha
20232022
Revenue 80,784.12 € 115,040.67 €
Net profit 4,090.34 € 26,587.18 €
Equity ratio 19.63% -
Project description
Documents
Payment schedule

Established in 2021, Agromaks 96 is a family-owned farming business specializing in the cultivation of wheat, corn, sunflower, and barley. Committed to growth and innovation, the company consistently invests in modern machinery and technology while expanding its land. In the latest season, the farm has expanded from 55 to 136 hectares, introducing soya and beans into its crop rotation.

Agromaks 96 has also made a strategic transition towards sustainable farming practices, with over 60% of its land now utilizing no-till, strip-till, and minimum-till methods. This shift reflects the company’s dedication to environmentally responsible agriculture.

To support the expansion and ensure a successful season, Agromaks 96 is seeking working capital for the purchase of seeds and fertilizers. This is the company’s second loan, with the first one has been paying on time.

The farmer is eligible to receive the EU subsidy with the minimum amount of € 56 444 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.

In addition, the company's director and his father 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.