|Project rating||Originator rating|
The risk scoring provided for this project has been assessed by the originator. The risk scoring is of an informative nature only & can not be considered investment advice.
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 rapeseed.
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. UAB Geri grūdai is borrowing 50.000 € from HeavyFinance investors community to implement the goal.
HeavyFinance investor community already had opportunities to invest in equipment and working capital loans for this company.
UAB Geri grūdai also uses two tractors, a loader, and other heavy equipment on its farm.
Area of declared land: 423,66 ha
Value of pledged assets: 158.268 €
Loan to current asset value ratio: 31,59 %
The Interest will be paid monthly.
The Interest is calculated from 16 working days after full loan financing.
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.