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.

BG0002312

Goal
34,241 €
Raised
34,241 €
100%
Return rate
From 12.6%

Rating
B

Period
10

Time left

LTV
70%

Country
Bulgaria

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxx Xxxxx
Xxxxxxx Xxxxxxxxxx, xxxxxxxxxxxx Xxxxxx, xxxxxx Xxxxxx
header_1 Declared Owned
Farming land78.21 ha25.00 ha
20232022
Revenue 62,852.48 € 77,718.94 €
Net profit 21,474.25 € 29,863.00 €
Equity ratio - -
Project description
Documents
Payment schedule

Slav Kolev has been a dedicated farmer since 2009, specializing in organic orchards that produce cherries, plums, and walnuts, along with nurseries for perennial crops and grains.

His commitment to sustainable farming is evident in his long-standing experience.

This will be Slav’s first loan, and he plans to use it as working capital to support and expand his farming operations.

The farmer is eligible to receive the EU subsidy with the minimum amount of € 48,9K from the cultivated hectares 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.

To provide an extra measure, the farmer's spouse Rositsa Kolev who is a known borrower on the HeavyFinance platform will provide her personal guarantee.

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.