Project | Brickfy

Loan to buy wine bottles

Platform: HEAVY FINANCE
Type: LENDING

Closed for investment

Scheduled

General Information


LENDING

BUSINESS LOAN

HEAVY FINANCE

BBB

Monthly


Financial Information


€14,700.00

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€0.00

€5.00

12.00 %

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--

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Important Dates

731

2022-04-15

2024-04-15


Description

About the project

With this project, HeavyFinance investor community can lend money to a small wine producer Crista Lusitana. The owner of the company inherited a vineyard in 2019 and started producing wine following his family traditions. 

The company sold 6.000 bottles in 2020 and 30.000 bottles in 2021 after signing the contract with a wine retailer Skilser Group. The owner of the vineyard seeks to continue increasing production and therefore is looking for ways to expand the vineyard and purchase more equipment. Currently, part of the equipment being used for winemaking is being rented. 

To attract more external capital, the company submitted an application to the EU program supporting agriculture. Funding is needed to improve and complete the wine cellar and production facilities in the warehouse they already own. In the meantime, to keep up with the pace, the company is seeking to get a loan from HeavyFinance investor community to purchase wine bottles to get the wine ready to be delivered to retailers. 

Area of declared land: 9 ha of which 8 ha is owned

Annual interest - 12%


Detailed Information

Security measures of the loan

  • Personal surety of the director of the company

Financial information

Revenue

  • 2020     € 34 821,91 2019     € 7 731,03 

Net profit

  • 2020     € 6 321,62 

Equity ratio

  • 2020    20,13%

The Interest will be paid monthly.

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

Minimum loan term: 4 months