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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.
BG0002015
| Project owner | Address |
|---|---|
| Stancho Stanchev, ERATO-SIK-IVANOV, STANCHEVA I SADRUZHIE | Village Medovo, municipality Bratya Daskalovi, region Stara Zagora |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 1154.93 ha | 190.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,944,954.32 € | 1,598,298.42 € |
| Net profit | 170,260.20 € | 74,979.50 € |
| Equity ratio | 13.83% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code heavy2015 and get 2.00% cashback.
Founded in 1990, Erato-SIK-Ivanov, Stancheva & Sadrujenie operates as an agricultural enterprise, focusing on the cultivation of grain crops like wheat, triticale, and sunflower, along with the production of roses, lavender, cherries, and plums for essential oils on the 1155 ha of land where 190 ha is under the company's ownership. To complete the production cycle, the company has a distillery on-site for processing essential oils from their rose and lavender fields.
Committed to ongoing improvement, the company invests annually in modern machinery to enhance operational efficiency. In 2022, the company's revenue reached almost €1.94 million, showing a significant 21% increase from the previous year.
Erato-SIK-Ivanov, Stancheva & Sadrujenie was awarded the first prize for Agricultural Company of the Year in 2019.
The owners now require additional working capital to acquire seeds and fertilizers and to cover the remaining balance of the lease for the MASSEY FERGUSON MF5711F wheeled tractor, which will be used as a pledge for this loan.
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.