Ūkio paskola

Established in 2013, Magava, UAB is a used heavy equipment rental and sales company based in Lithuania. Seeing that the market of heavy equipment rental is increasing, the company wants to expand operations.

Magava already signed contracts for lease of all agricultural equipment it has. Therefore, the company is acquiring a combine harvester Claas 770 TT for 199.650 Eur including VAT. More than half of the amount the company will pay itself and for the rest 95.240 Eur it seeks to get financing from „HeavyFinance“ investors community.

The company will be paying the interest to the investors on a monthly basis, while the principal amount will be paid back in parts once a year.

Sales revenues of Magava exceeded 447.000 Eur last year in comparison to 630.000 Eur in 2018. Furthermore, the company got 30.000 Eur loss in 2019 and 22.000 Eur loss in 2018.

Interest rates:

• Investing from 100 € - interest 10,5%
• Investing from 500 € - interest 11%
• Investing from 5.000 € - interest 11,7%
• Investing from 10.000 € - interest 12,3%
• Investing from 30.000 € - interest 13%

Purpose of the loan:

To purchase a 2014 harvester Claas Lexion 770 TT.

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-17
• End date of the financing period: 2020-12-01, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: from 10,5% to 13%.
• Loan term: 24 months
• Interest is paid on yearly basis and the first interest payment is made one year after the loan disbursement date. Principle will be repaid with the last interest payment.