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