This project provides the HeavyFinance investor community with an opportunity to finance an equipment loan for a Lithuanian company UAB Geri grūdai. The funds are collected to purchase a used self-propelled sprayer Hardi Alpha HAZ. The loan will be secured by the purchased equipment and two cars.
The company, established a few years ago, is actively preparing for the 2021 season. To maintain a successful farming process, the company needs a self-propelled sprayer. UAB Geri grūdai is borrowing 51.810 € from HeavyFinance investors community to purchase a used self-propelled sprayer Hardi Alpha HAZ (made in 2007).
This is not the first UAB Geri grūdai project on the HeavyFinance platform - recently the company borrowed 50.000 € to increase working capital and 116.800 € for a combine harvester Case IH Axial-Flow 9230. The first loan has already been repaid and the next project has not yet been fully funded.
UAB Geri grūdai also uses two tractors, a loader, and other heavy equipment on its farm.
The risk class for this loan provided by the originator is B.
Value of mortgaged assets: 87.370 €
Loan to current asset value ratio: 59,3%
*Emprekis is a monthly publication that covers the average prices of used and naturally depreciated vehicles up to thirty years old. The company provides its services in Lithuania, Latvia, Estonia and Germany, and is also trusted by banks.
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.