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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.
LT0000037
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Grūšelionių sodyba was launched five years ago in Prienai district, Lithuania. Originally, the company has been providing rural tourism activities like kayaking, sauna and hot tub. Later on the firm saw the opportunity to engage in territory management work.
Until now, the company has used a mini loader and mini excavator to prepare the land and rented additional machinery in case of a larger workload. With the growing volume of land management works, Grūšelionių sodyba decided to increase its’ heavy equipment fleet. As a result, the company is buying a Yanmar ViO80-1 excavator for €86,515.
To acquire this heavy-duty vehicle, the company submitted the winning application for a project for “Economic and business development” supported by the local municipality. It provides the company with €48,311 for the purchase of equipment. The firm is borrowing the remaining required amount of €38,204 from HeavyFinance investor community. The loan will be secured by a Yanmar ViO80-1 excavator. Consequently, the loan-to-value ratio is 44%.
After acquiring this excavator, Grūšelionių sodyba will be able to carry out more complex territory management activities. It will therefore achieve greater scale with its operations in Prienai district, including parcel leveling, formation, land relief management, excavation among the other works. Currently, there is a lack of companies in the district that can perform this type of land work.
Besides, the company successfully administers energy works in Prienai district. Having successfully started reconstruction of power lines with the existing equipment, it expects to expand in this area too. The new technology will allow energy works to be finished in a shorter time.
Financial situation
Equity ratio
2020 - 11 44%
2019 48%
EBITDA
2020 - 11 €29.000
2019 €13.400
Turnover
2020 - 11 €63.000
2019 €36.000
Interest rates:
Interest rate - 12 %
Purpose of the loan:
To purchase excavator YANMAR ViO80-1
Project investment return and interest payment:
- Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-14
- End date of the financing period: 2020-12-28, or until the loan is fully financed.
- Investment: from 100 €
- Annual return on investment: 12%.
- Loan term: 36 months
- The project owner will repay the loan on a monthly annuity basis.
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.