Fully invested

PONSSE ERGO 6W

Raised:
28 000.00 €
Goal:
28 000.00 €
Interest
14 % - 15.5 %
Goal
28 000.00 €
LTV
70%
Loan period
24 Months
Risk class
C
Loan type
Loan for purchase
Investors
46
Location
Lithuania
Introduction
Detailed Information
Project owner
Project risks
Documents

Introduction

Introduction

Girė UAB has been operating as a logging contractor for 5 years around the town of Kėdainiai in Lithuania. The company has three employees and sees a growth opportunity due to increased interest in its‘ services. Therefore, Girė aims to acquire a harvester Ponse Ergo 6W.

The machine is made in 2001 and is worth 37.994 Eur including technical service costs to prepare it for heavy-duty works in the forest.

In order to acquire Ponse Ergo 6W, the company is borrowing 28.000 Eur and is using this machine and 2 hectares of forest as collateral. Consequently, the loan-to-value ratio for investors is up to 70%.

Last year annual revenue of Girė was slightly above 30.000 Eur in comparison with 5.000 Eur a year before. Furthermore, the company had 2.000 Eur in profit, while in 2018 it had 12.500 Eur loss. 

Company has equity worth more than 35.000 Eur.

Interest rates:

  • Investing from 100 € - interest 14%
  • Investing from 1.000 € - interest 14,5%
  • Investing from 5.000 € - interest 15%
  • Investing from 10.000 € - interest 15,5%

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


The aim: to purchase harvester PONSSE ERGO 6W.


Project investment return and interest payment


  • Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-09-01
  • End date of the financing period: 2020-09-15, or until the loan is fully financed.
  • Investment: from 100 €
  • Annual return on investment: from 14% to 15,5%.
  • Loan term: 24 months
  • Loan schedule will be an annuity with a 5.600 € balloon payment.

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
28000
100
Interest
%
14
14
18
14
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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