This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian company. The funds are collected to increase working capital. The loan will be secured by receivables from the sale of the crops.
The company, established a few years ago, is actively preparing for the 2021 season. To maintain a successful farming process, the company needs additional working capital to pay for the fertilizer. UAB Geri grūdai is borrowing 60.000 € from HeavyFinance investors community to implement the goal.
This is not the first UAB Geri grūdai project on the HeavyFinance platform - recently the company borrowed 50.000 € to increase working capital and 51 810 € for a used Hardi Alpha HAZ self-propelled sprayer. The first loan has already been repaid. The payment date for the other project has not come yet.
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 harvester: 159.545,76 €
Loan to current asset value ratio: 37,61%
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.