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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.
LT0000058
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to finance a working capital loan for a well known used heavy equipment rental company Nova rent.
Launched in 2017, Nova rent is a leader in used equipment rental and service in Lithuania, which is successfully expanding its operations abroad. HeavyFinance investor community has already fully invested in three loans listed in the platform, two of which (150,000€ and 45,000€ worth) have been fully repaid and for the third one (59,000€) payments have been made on time. The company is now borrowing funds to increase working capital.
This is the first part of the company's financial plan to increase working capital for a rapid expansion. There are two more investment projects to be listed on the platform in a foreseeable future.
The company's available stock for 166,000€ is pledged to secure the first stage loan.
Interest:
Fixed annual interest rate - 11,1%
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.