LT0001139
Finished: fully repaid!
General Information
LENDING
BUSINESS LOAN
HEAVY FINANCE
BB
Monthly
Financial Information
€12,000.00
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€0.00
€5.00
12.50 %
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Important Dates
365
2023-01-15
2024-01-15
Description
With almost two decades of experience in managing the livestock farm, the agri-entrepreneur has grown his mixed farm to almost 70 hectares. He has also taught his daughter everything he knows about agriculture, and she, after completing the Young Farmer Programme, manages her own farmland nearby - father and daughter have more than 100 hectares together. The family raises dairy cows on both farms, and some of the land is devoted to maize and clover for cattle feed, as well as growing wheat for sale.
The agri-entrepreneur uses his own machinery fleet to carry out the farm work, including a tractor, a new round baler, a tractor, a telescopic loader and a combine harvester. The farmer claims that the machinery is sufficient for the farm and also has the plan to renovate the farm in the future.
During the 9-month period of 2022, the farm has generated 68 596 € in revenue, exceeding the revenue of 2021.
At the moment, the farmer has two loans on the HeavyFinance platform, which are paid on time.
The farmer is seeking for 12 000 € to refinance previous loan with a longer term as this year has been a very difficult one, with rising commodity prices. After the refinance, the farmer will have a total active loan amount of 65 130 €
Business information
Declared land, ha 68.08
Owned land, ha 17.74
Revenue 2021 €68 596
Revenue 2020 €37 186
Net profit 2022 €10 294
Net profit 2021 -€1 886
Security measures
Sole accountability
