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Fully invested

LT0000116, Equipment loan for the development of company's heavy machinery fleet

Raised:
92 900.00 €
Goal:
92 900.00 €
Loan number
LT0000116
Yearly return rate
9.8 % - 12.1 %
Goal
92 900.00 €
Loan period
7 Months
Risk rating
B
Extra measures
Pledge of assets
Investors
133
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

With this project, we provide the HeavyFinance investor community with an opportunity to invest in the development of the company's technical fleet. The firm is borrowing for the purchase of a used John Deere 9510RT tractor. The purchased technical unit will be pledged to secure the loan.

Established in 2013, Magava, UAB is a used heavy equipment rental and sales company based in Lithuania. Seeing that the market for heavy equipment rental is increasing, the company wants to expand operations. Due to this reason company is borrowing 92.900 € to purchase a tractor, which will be used for rent. 

The HeavyFinance community has already invested in two of the company's projects to acquire two combine harvesters. The company's current loan portfolio is 227.240 €.

Equipment seller: Nova rent, UAB

Annual interest

  • Investing from 100 € - interest 9,8%
  • Investing from 500 € - interest 10,4%
  • Investing from 1.000 € - interest 10,7%
  • Investing from 2.000 € - interest 10,9%
  • Investing from 5.000 € - interest 11,2%
  • Investing from 10.000 € - interest 11,4%
  • Investing from 20.000 € - interest 11,7%
  • Investing from 50.000 € - interest 12,1%

Detailed Information

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Project owner

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Project risks

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Documents

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Investments

No investments found.

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Pavyko

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