Geri grūdai, UAB, manages a 423 ha farm in Pasvalys district. The farm currently cultivates potatoes, rapeseed, wheat, and other crops.

Geri grūdai uses two 2019 and 2020 tractors, a loader, and other equipment for daily works in a farm.

After two successful seasons, the company is preparing for the new one and plans to acquire more arable land and purchase fertilizers.

Therefore, to increase working capital the company is borrowing €50,000 from the HeavyFinance investors community. The loan will be repaid within 12 months and the annual investment return is up to 13%.

To secure the loan, Geri grūdai, UAB, will pledge a Case IH PUMA 200 CVX tractor. The value of the pledged property is not less than € 100,000 and the loan-to-value ratio is not more than 50%. On 30 October, 2019, the tractor was valued at € 129,349 by independent property valuers. A new valuation of the property is currently underway, so the exact current value of the tractor will be known later.

Financial situation

Turnover

2020 - 11         €335.104

2019                €484.567

EBITDA

2020 - 11        €188.164,96

2019               €173.169,18

Equity ratio

2020 - 11         27%

2019                21%

An equity ratio is a financial indicator that compares a company's equity to its assets. This ratio shows the share of equity in the capital structure.

Interest rates:

• Investing from 100 € - interest 10,4%
• Investing from 500 € - interest 10,8%
• Investing from 1.000 € - interest 11%
• Investing from 5.000 € - interest 11,2%
• Investing from 10.000 € - interest 12%
• Investing from 20.000 € - interest 13%

Purpose of the loan:

To increase working capital

Project investment return and interest payment:

• Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-12-16
• End date of the financing period: 2020-12-30, or until the loan is fully financed.
• Investment: from 100 €
• Annual return on investment: up to 13%.
• Loan term: 12 months
• Interest on the loan amount is calculated from the date (inclusive) on which the loan amount is paid to the project owner.
• The project owner will repay the loan amount with the last payment and interest will be paid monthly.