This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian company. The funds are collected to increase working capital. The loan will be secured by receivables from the sale of the crops.
The company, established a few years ago, is actively preparing for the 2021 season. To maintain a successful farming process, the company needs additional working capital to pay for the fertilizer. UAB Geri grūdai is borrowing 60.000 € from HeavyFinance investors community to implement the goal.
This is not the first UAB Geri grūdai project on the HeavyFinance platform - recently the company borrowed 50.000 € to increase working capital and 51 810 € for a used Hardi Alpha HAZ self-propelled sprayer. The first loan has already been repaid. The payment date for the other project has not come yet.
UAB Geri grūdai also uses two tractors, a loader, and other heavy equipment on its farm.