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 on 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 11%.
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.
2020 - 11 €335.104
2020 - 11 €188.164,96
2020 - 11 27%
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.
To increase working capital
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.
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