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.

LT0000020

Goal
60,000 €
Raised
60,000 €
100%
Return rate
From 12%
Rating
B
Period
24
Time left
LTV
68%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
XXX "Xxxxxxx", Xxxxxxxxxx Xxščxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

Bioauga, UAB is an osier cutting and peeling company based in Lithuania. The firm has 9 employees and got 642.000 Eur in revenue in 2019. Furthermore, the company had 30.000 Eur in profit last year.


According to the financial statement of September 2020, Bioauga equity ratio is 91% which means that the company mainly finance its’ activities itself.


The company has 5 trucks and osier cutting machine among other heavy-duty vehicles. As operations are expanding, Bioauga decided to buy a new telescopic loader JCB 541-70 Industrial for 88.300 Eur including VAT.


To acquire this heavy-duty vehicle, the company wants to get a loan of 60.000 Eur and use this new telescopic loader as collateral. Consequently, loan-to-value ratio is 68%.


Bioauga will pay the interest to the borrowers every month and the principal amount will be paid back in parts in May and November of every year. This schedule was made to fit the profile of the company with the seasonality of the business in mind.

Interest rates:


  • Investing from 100 € - interest 12%
  • Investing from 1.000 € - interest 12,5%
  • Investing from 5.000 € - interest 12,9%
  • Investing from 20.000 € - interest 13,4%
  • Investing from 30.000 € - interest 14,5%


Purpose of the loan:


To purchase telescopic loader “JCB 541-70 Industrial” 


Project investment return and interest payment:


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-10-29
  • End date of the financing period: 2020-11-12, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 12% to 14,5%.
  • Loan term: 24 months
  • The project owner will repay the principal according to the schedule below: 
  • May, 2021 (14 777 Eur)
  • November, 2021 (14 925 Eur)
  • May, 2022 (15 074 Eur)
  • November, 2021 (15 224 Eur)
  • The Interest will be paid monthly.

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.