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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.
PT0000062
| 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 invest in a working capital loan, secured by a first-hand mortgage on a Peugeot 307. The received funds will be used to expand the winemaking business in the famous Douro Region, Portugal.
A businessman has his own vineyards in the Douro River region, which is originally considered a wine region. In this place, the winemaker produces Vinho Verde, Port, and table wine.
The businessman has developed a winemaking business by himself from the very beginning. Now he takes care of his winery and is constantly looking for new ways to improve it. Last season the winemaker made 45 casks of wine and also sold the grown grapes to other wine brands.
Now the winemaker is planning to expand his business - he will grow a new 3 ha vineyard in the same region. It is a long-term plan because it will take 3 years for the first harvest in the new vineyard and several years more to fully develop it. To make some improvements in his vineyards, the winemaker is borrowing from the HeavyFinance investor community 10.000€ to increase working capital. The collected funds will be used to do some upgrade works to the warehouse and wine storage facilities.
This is a pilot project from Portugal listed on HeavyFinance platform aiming to test and ensure the smoothness of legal processes required to secure loans by the first-hand mortgage on assets. Consequently, we decided to decrease the risk for this investment by participating in securing the loan. 2.490 € will be secured by a first-rank mortgage on farmers' car Peugeot 307 (made in 2002) and HeavyFinance will cover potential losses and promised returns in case of loan default.
Interest:
Fixed annual interest rate - 11%
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.