Project | Brickfy

Loan backed with a tractor and a hay roller

Platform: HEAVY FINANCE
Type: LENDING

Closed for investment

Scheduled

General Information


LENDING

AGRICULTURAL LOAN

HEAVY FINANCE

BBB-

Monthly


Financial Information


€32,900.00

--

€0.00

€5.00

11.30 %

--

70.00 %

industrial_vehicle


Important Dates

1127

2022-05-23

2025-06-23


Description

About the project

The entrepreneur started farming in 1996 and now has 30 dairy cows together with 60 meat cattle. 

She declares around 88 hectares of land, almost 11 ha of which she owns. Due to the shortage of skilled labour, she is continuing working only with her son and invests in automating the farm. 

The business already has three tractors, a hay roller and a mower. Now the entrepreneur seeks to get a loan to increase working capital and prepare for a new season.

Area of declared land: 87,94 ha of which 10,92 ha is owned.

Security measures of the loan

  • Sole accountability
  • Tractor Zetor (2013) valued at € 27 600 (according to independent property valuation)Hay roller (2014) valued at € 19 400 (according to independent property valuation)
  • Hay roller (2014) valued at € 19 400 (according to independent property valuation)

Value of pledged assets:  € 47 000,00 

Loan to current asset value ratio: 70,00%


Financial information

Revenue

  • 2020     € 75 107,41 2019     € 61 167,18 

The project owner will repay the principal according to the schedule below:

  • 2023-04 (10 857,73 €)2024-04 (10 966,30 €)2025-04 (11 075,97 €)
  • 2024-04 (10 966,30 €)
  • 2025-04 (11 075,97 €)

The Interest will be paid monthly.

The Interest is calculated from 16 working days after full loan financing.

Minimum loan term: 4 months