Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

PL0001856

Goal
43,250 €
Raised
43,250 €
100%
Return rate
up to 15.2%
Rating
B+
Period
48
Time left
LTV
50%
Country
Poland
Loan purpose
Land purchase
Business information
Security measures
Loan history
Project owner Address
Sebastian Nogaj, Gospodarstwo Ogrodnicze Sebastian Nogaj Świętego Michała 68, 62-800 Kalicz
header_1 Declared Owned
Dirbama žemė 8.19 ha 2.23 ha
20222021
Revenue 346,234.00 € 252,867.00 €
Net profit - -
Equity ratio - -
Bendra įkeisto turto vertė

86,500.00 €

Land Agricultural land 2.00 ha 86,500.00 € According to independent property valuation
Other Personal liability 0.00 € -
Daugiau apie apsaugos priemones skaitykite čia.
Loan number Project goal Outstanding principal Paid interest Status
PL0001856 43,250.00 € 42,817.50 € 1,024.71 € Aktyvi
PL0001797 43,250.00 € 40,727.07 € 1,552.12 € Aktyvi
PL0001839 43,250.00 € 40,746.45 € 1,566.53 € Aktyvi
PL0001891 43,250.00 € 42,817.50 € 1,085.74 € Aktyvi
Project description
Documents
Payment schedule

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The farmer has been farming since 1993, when he bought 0.33ha from his parents. Since then, he has expanded his farm to 8.19ha of which he owns 2.23ha.

The farmer operates a blueberry plantation on 7.54ha, and the remaining farm is dedicated to strawberry plantation. The farm is highly technologically advanced. They have drip irrigation throughout the plantation, a water tank, six Dutch houses for seasonal workers, photovoltaics, a Solid Security system with cameras, crop protection sprayers they imported from Israel. They also have an outbuilding that houses pumps, four fertilizer tanks, a tank for plant protection products, and a computer that controls watering. The entire investment cost more than 400,000 euros and took the farmer more than four years to complete.

The farmer's main goal for the next 3 years is to expand the farm with new leases and to buy back the leases he has at the moment. The needed funding from HeavyFinance will be used to modernize his cold storage facility and buy out the leases he has on his property.
The farmer is planning to borrow € 173 000 in total, which is divided in equal amounts into four loans, 43 250 € each. To secure the loans, a pledge on the same assets with a total value over € 700 000; land ID KZ1A/00019319/3 (1.58 ha), and KZ1A/00013686/4, KZ1A/00013689/5 (0.65ha) will be registered for all his four loans, resulting in the collateral value of €86 500 each.

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.