By investing in this project, the HeavyFinance investors community has an opportunity to finance one of the agricultural development projects of UAB Verslo Valstija. With this project, the company aims to raise 53.900 € to purchase a used tractor John Deere 6920, a new wheel duplication equipment, and to increase the company's working capital.
The company, established eight years ago, currently uses 579.3 ha of land for its activities, of which 23 ha is owned by the company. The farm is actively developing crop production - wheat, rape, and barley are grown on the farm.
The company's heavy machinery fleet consists of several different tractors, a combine, a drill, a cultivator, a telescopic loader, and other equipment necessary for the activities.
The company is actively expanding its heavy machinery fleet - HeavyFinance investors have already financed two of the company's loans. The first loan of 45.500 € sought to collect enough funds for a used Vaderstad Carrier 650 cultivator, a harrow, and increased working capital. The second loan of 34.370 € was for the purchase of a JCB 535 - 95 Agri Super telescopic loader. The company is also raising funding for a first-stage project, borrowing 55.050 € for a Case 3000 SP self-propelled sprayer, a G7 plus Farmnavigator steering system with an RTK signal, and an increase in the company's working capital.
With this project UAB Verslo Valstija also seeks to upgrade its heavy equipment and machinery fleet - the company is borrowing to purchase a used John Deere 6920 tractor for 33.517 €, a new wheel duplication equipment for 6.060 €, and the remaining loan will be used to increase working capital. To secure the loan, the company pledges assets for 77.057 €.
The risk class for this loan provided by the originator is A.
Value of mortgaged property: 77.057 €
Loan to current asset value ratio: 70%
The Interest will be paid monthly.
The Interest is calculated from the date on which the loan amount is paid.
Minimum loan term: 4 months
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.
|26.03.2021||Paid||No||01 March 2021, 00:00|