Loan backed with a tractor and a hay roller
Finished: fully repaid!
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