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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.
PT0000087
| 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 for the development of the vineyard in Portugal, Lanhoso region. The loan will be secured by a first-hand mortgage on a Forklift CLARK C50SD demo and other smaller equipment used in the wine-making process.
A 38-year-old winemaker is developing 10 hectares of vineyards in Portugal. All the land is owned by the businessman and his father. The family has long-standing traditions of wine production. Having started making wine for personal use, they introduced the first labelled wine eight years ago. Now the family-owned vineyard is producing two wine brands - "Vinhos de Lanhoso Branco" white wine, made from Loureiro and Trajadura grape varieties, and "Vinhos de Lanhoso Tinto" red wine, made from Vinhão and Borraçal grapes. The current production level of this vineyard is approximately 50,000 bottles per year.
A winemaker has started to develop a project to modernize the production of the vineyard, which involves applying a state-of-the-art irrigation system, planting new vineyards, and modernizing the winery. A 25.000 € working capital loan, which the businessman is willing to receive from the HeavyFinance investor community, would be used to finish some instalments to increase the wine production capacity. The loan will be secured by a used Forklift CLARK C50SD demo and smaller wine production equipment. The total value of the pledged property is 69.677,50 €.
Gift for investors
Every investor, who will fund this particular loan, will receive a bottle of wine that was produced in the winemaker’s vineyards. Besides, every investor, who wants to visit the winemaker at his wine tasting place in Portugal, will get a glass of wine free of charge.
Interest
Fixed annual interest rate - 10%, fully compensated by HeavyFinance, UAB throughout the loan period.
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.