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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.
BG0002391
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 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 highly regarded agricultural enterprise specializing in the cultivation of grain crops such as wheat, triticale, and sunflower, alongside the production of roses, lavender, cherries, and plums. To maximize efficiency and maintain a full-cycle production system, the company has constructed an on-site distillery, where they process essential oils from their rose and lavender fields.
The company is committed to continuous growth and innovation, investing annually in modern machinery to enhance productivity and ensure sustainability. In recognition of their dedication to excellence, they were awarded first prize for Agricultural Company of the Year in 2019.
With a strong foundation and a proven track record of timely repayments, Erato-SIK-Ivanov, Stancheva & Sadrujenie remains a significant contributor to Bulgaria’s agricultural sector. This loan will mark their seventh financing. The company’s active loan balance currently stands at €269,000, fully collateralized. The owners are now seeking additional working capital to purchase seeds and fertilizers, ensuring their agricultural operations continue to thrive and expand.
To secure this loan, a pledge on the 2017 CASR 580 ST wheeled loader will be registered. Furthermore, the company's shareholder and their spouse will provide personal guarantees, offering additional assurance for this financing.
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.