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.

PT0000818

Goal
15,000 €
Raised
15,000 €
100%
Return rate
12%

Rating
B

Period
6

Time left

LTV
-

Country
Portugal

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Xxx xxx Xxxxxx, Xxx, Xxxxx Xxxxx xx Xxxxxxx Xxxxxx
Xxx Xxxéxxx Xxxxxxx, Xxxxxxxx xx Xxx, Xxxxxxxx
header_1 Declared Owned
Farming land50.00 ha50.00 ha
20212020
Revenue 229,994.19 € 206,950.71 €
Net profit 3,777.52 € 8,694.14 €
Equity ratio 24.16% -
Project description
Documents
Payment schedule

“Foz dos Aromas” already has 2 loans with HeavyFinance (PT0000518 & PT0000565 - both being paid without delays since January 2021) and now needs a bridge loan to purchase and install solar panels. The project owner has an approved NG-PDR2020 governmental fund for this investment, that will be paid after the panels are fully implemented. He will then use these funds to repay this loan.

The company began its activity in 2012, starting from an area of ​​5 Ha of farmland in Vale Mondego. This area in the coastal center of Portugal has a rich biodiversity in both flora and fauna, making it perfect for Bio/ecological processes and allowing a large variety of cultures. It has since expanded to 50 Ha as of today, all in certificated organic/ecological production.

The company currently has 6 full-time employees and hires more workers to face the needs of peak seasons. Foz dos Aromas specializes in the production of aromatic and medicinal herbs, particularly mint (Mentha piperita), lemon balm (Melissa officinalis), marjoram (Origanum majorana L.; Majorana hortensis M.), savory (Satureja montana), thyme (Timus vulgaris), French tarragon (Artemisia dracunculus) and lemongrass ( Cymbopogon citrates).

They sell most of their production to a French distributor "L’Herbier du Diois".


Special Offer
To incentivize our investors to finance this project, HeavyFinance is offering a 0,5L bottle of Portuguese Olive oil for each investor that finances at least 400 euros, 2 bottles for investments of at least 750 euros, and 3 bottles to investors that finance 1000 euros and above.

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.