Fully invested

Loan to Expand Heavy Equipment Lease Services

Raised:
132 000.00 €
Goal:
132 000.00 €
Interest
10.5 % - 13 %
Goal
132 000.00 €
Loan period
24 Months
Risk class
B
Loan type
Loan for purchase
Investors
59
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

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Introduction

Initially Magava, UAB is a pond digging company, which got into the retail business of heavy-equipment several years ago. Recently, the company decided to expand its’ operations into a heavy-equipment rental business and put the first excavator for lease.  

After harvesting season, when prices of harvesters plummet, the company decided to acquire a harvester Claas Lexion 770 TT Cemos made in 2013. The company is planning to prepare it for the next season and put it on lease. This heavy-duty vehicle cost almost 189.000 Eur including VAT. Therefore, Magava want to borrow 132.000 Eur and use this Claas Lexion 770 TT Cemos as collateral.  

 Sales revenues of Magava exceeded 447.000 Eur last year in comparison to 630.000 Eur in 2018. Furthermore, the company got 30.000 Eur loss in 2019 and 22.000 Eur loss in 2018.   

Interest rates:


  • Investing from 100 € - interest 10,5%
  • Investing from 1.000 € - interest 11%
  • Investing from 5.000 € - interest 11,5%
  • Investing from 10.000 € - interest 12%
  • Investing from 30.000 € - interest 13%

At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)


Purpose of the loan:


To purchase a 2013 harvester Claas Lexion 770 TT Cemos.


Project investment return and interest payment:


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-09-23
  • End date of the financing period: 2020-10-07, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10,5% to 13%.
  • Loan term: 24 months
  • Interest is paid on yearly basis and the first interest payment is made one year after the loan disbursement date. Principle will be repaid with the last interest payment.

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.

Kiti projektai

Loan to Acquire a Telescopic loader JCB 541-70 Industrial

Liko investuoti:
12 dienos 22:48:21
Surinkta:
13 576.00 €
Tikslas:
60 000.00 €
Informacija
Investuoti

Loan Backed by a Piece of Land and the Tractor

Liko investuoti:
9 dienos 22:48:21
Surinkta:
9 309.00 €
Tikslas:
39 200.00 €
Informacija
Investuoti

Working capital

Surinkta:
20 000.00 €
Tikslas:
20 000.00 €

Pavyko

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