This project provides the HeavyFinance investor community with an opportunity to finance an equipment loan for a Lithuanian company UAB Geri grūdai. The received funds will be used to purchase a used Case IH Axial-Flow 9230 combine harvester.
The company, established a few years ago, is actively preparing for the 2021 season. To maintain a successful farming process, the company needs a combine harvester. UAB Geri grūdai is borrowing 116.800€ from HeavyFinance investors community to purchase a used Case IH Axial-Flow 9230 combine harvester (made in 2013). The full price of the harvester is 166.980 €, so the remaining amount will be covered by the company itself. The purchased technical unit will be pledged to secure the loan.
This is not the first UAB Geri grūdai project on the HeavyFinance platform - the company borrowed 50.000€ to increase working capital. The company has recently repaid the loan.
UAB Geri grūdai also uses two tractors, a loader, and other heavy equipment on its farm.