Fully invested

Loan to increase working capital backed by a combine harvester

Raised:
45 000.00 €
Goal:
45 000.00 €
Interest
10.7 % - 12.4 %
Goal
45 000.00 €
LTV
68%
Loan period
24 Months
Risk class
A
Loan type
Working capital loan
Investors
42
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Introduction

Nova rent a leading heavy equipment seller that also provides equipment rental and equipment service. While ordering many new heavy-duty vehicles, the company needs a loan of 45.000 Eur to increase working capital using a combine harvester New Holland CX860 as a collateral. The worth of this combine harvester is 66.100 Eur, thus loan-to-value ratio is no higher than 68%.

In 2019 Nova rent sales revenue was 6,78M Eur, in comparison to 3,37M a year ago. Furthermore, the company got profit of more than 722.000 Eur last year. In 2018 company‘s profit was 136.000 Eur.  

Interest rates:


  • Investing from 100 € - interest 10,7%
  • Investing from 1.000 € - interest 11,1%
  • Investing from 5.000 € - interest 11,5%
  • Investing from 10.000 € - interest 12%
  • Investing from 15.000 € - interest 12,4%

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 increase working capital


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-09-15
  • End date of the financing period: 2020-09-29, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 10,7% to 12,4%.
  • Loan term: 24 months
  • The loan holder will repay the loan on an annuity basis in monthly instalments.


Detailed Information

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Project owner

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Project risks

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Documents

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Prisijungti
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Investments

No investments found.

Calculate investment

Amount
100
100
45000
100
Interest
%
10.7
10.7
14.7
10.7
With this project in one month I will earn
0 €
After 12 months I will earn
0 €
After 24 months i will earn
0 €
Platform fee
0 €

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