Grūšelionių sodyba was launched five years ago in Prienai district, Lithuania. Originally, the company has been providing rural tourism activities like kayaking, sauna and hot tub. Later on the firm saw the opportunity to engage in territory management work.
Until now, the company has used a mini loader and mini excavator to prepare the land and rented additional machinery in case of a larger workload. With the growing volume of land management works, Grūšelionių sodyba decided to increase its’ heavy equipment fleet. As a result, the company is buying a Yanmar ViO80-1 excavator for €86,515.
To acquire this heavy-duty vehicle, the company submitted the winning application for a project for “Economic and business development” supported by the local municipality. It provides the company with €48,311 for the purchase of equipment. The firm is borrowing the remaining required amount of €38,204 from HeavyFinance investor community. The loan will be secured by a Yanmar ViO80-1 excavator. Consequently, the loan-to-value ratio is 44%.
After acquiring this excavator, Grūšelionių sodyba will be able to carry out more complex territory management activities. It will therefore achieve greater scale with its operations in Prienai district, including parcel leveling, formation, land relief management, excavation among the other works. Currently, there is a lack of companies in the district that can perform this type of land work.
Besides, the company successfully administers energy works in Prienai district. Having successfully started reconstruction of power lines with the existing equipment, it expects to expand in this area too. The new technology will allow energy works to be finished in a shorter time.
2020 - 11 44%
2020 - 11 €29.000
2020 - 11 €63.000
Interest rate - 12 %
To purchase excavator YANMAR ViO80-1