Elicon Baltic, UAB was established in 2013 by a German businessman Ronald Branick. Since then, his venture grew into the company managing a farm with more than 680 hectares of arable land.
Furthermore, his family owns one more agricultural firm, thus, the household works around 1.000 hectares of arable land. A big part of this land is being leased from other companies.
9 employees are working at Elicon Baltic. They mainly plant and harvest winter wheat and rapeseed among other plants. The company already has several tractors, combine harvester and other heavy-duty vehicles. For a further productivity increase, Ronald decided to buy a new tractor Deutz-Fahr 6215 Agrotron for 115.978 Eur including VAT. However, he would like to pay for this purchase in instalments.
Therefore, he proposes HeavyFinance borrower’s community to provide him with a loan for 36 months with the interest rate of up to 13%. The loan amount is 70.000 Eur and the down payment of more than 45.000 Eur will be paid to the seller directly. Consequently, loan-to-value ratio is 60%.
For more information please visit sections ‘Project Owner’ and “Document’.
To purchase tractor Deutz-Fahr 6215 Agrotron