Project: Pl0001651 - Platform: Heavy Finance | Brickfy

PL0001651

Platform: HEAVY FINANCE
Type: LENDING

Closed for investment

Scheduled

General Information


LENDING

AGRICULTURAL LOAN

HEAVY FINANCE

B

Monthly


Financial Information


€10,150.00

--

€0.00

€5.00

17.00 %

--

50.00 %

property_first


Important Dates

960

2023-10-04

2026-10-04


Description

Description

The farmer has been working on the farm since 1997, right after leaving school. He inherited the farm from his parents, and takes care of it alongside his son (who also has loans from HeavyFinance).

The entrepreneur was previously involved in pig farming but had to give up due to ASF (African Swine Fever). He's also breeding Slovenian cold-blood horses since 2007 and currently owns 11 horses. He makes his own feed from his own fodder and now plans to return to pig breeding, so he stores most of the grain to prepare for breeding. 

The sowing structure consists of: rye - 6ha, triticale - 22ha, maize - 10ha and wheat - 5ha. The farmer also has 12 hectares of meadows. The entrepreneur sows intercrops, and straw is collected from the field and returned as manure. 

Machinery used on the farm:

  • MCCORMICK 125 Gmax tractor
  • ZETOR 8211 tractor
  • URSUS C-360 tractor
  • NEW HOLLAND TX36 combine harvester
  • WEIDEMANN TC4512 loader
  • UNION 4-furrow rotary plough
  • combine with seed drill
  • cultivator
  • harrow
  • rotary mower

The horses are sold to local buyers, same with grain. This loan from HeavyFinance will be used to get back to pig production.

NOTE: The majority of the grain is stored for pigs, which is why his 2022 profits were lower.

Business information

Declared land, ha 55.00

Owned land, ha 22.00

Revenue 2022 €21 660

Revenue 2021 €33 515

Security measures

Personal liability of the project owner

Agricultural land of land and mortgage register no. TO1T/00017612/5. Value: €20 350. Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture

Main Terms

The interest will be paid monthly

The interest is calculated from 16 working days after full loan financing

Minimum loan term: 4 months


Payment Calendar Table

Former payment schedule prior to its amendment dated 2024-02-16