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.

BG0002605

Goal
21,913 €
Raised
8,900 €
40%
Return rate
From 13.5%
Rating
C+
Period
32
Time left
LTV
48%
Country
Bulgaria
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXXXXX XXX, Xxxxxx Xxxxxxx
Xxxxxxx Xxxxxx, xxxxxxxxxxxx Xxxxxxx, xxxxxx Xxxxx Xxxxxx
header_1 Declared Owned
Farming land263.93 ha25.00 ha
20232022
Revenue 920,325.00 € 703,538.00 €
Net profit 8,181.00 € 4,601.63 €
Equity ratio 32.99% -

Investment calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

13.5%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary and the projected earnings are determined based on the preliminary principal repayment schedule.
Interest rates:
Investing from 100 € - 13.5% Investing from 500 € - 14.3% Investing from 1,000 € - 15% Investing from 2,000 € - 15.2% Investing from 5,000 € - 15.5%
Project description
Documents
Payment schedule

SILMIK Ltd. was established in 2007 and currently cultivates 263.93 hectares of land, including 25 hectares of its own organic vineyards. The company also grows wheat, sunflowers, barley, soya, and pastures, and is fully equipped with all the necessary machinery to efficiently manage its farm operations. Most of the company’s produce is traded with Italian partners.


The company has successfully repaid its first loan and currently has 47 674 EUR active balance on BG0002293, and 37 627 EUR on BG0002295.

SILMIK Ltd. is seeking a new loan to provide working capital for the upcoming season’s preparations. To secure the loan, a pledge on a Massey Ferguson tractor will be registered, and the company's director will also provide his personal guarantee as an additional measure.

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.