Funding for Cēsu rajona LAUCIŅI, Straupes pagasta zemnieku saimniecība

Préstamo

• Cantidad € 28500.00
• Tipo de interés 10%
• Plazo 24m
• Tipo de colateral Terreno
• LTV 54%

Descripción

This project gives LANDE investors an opportunity to provide funding in the amount of € 28 500 for company Cēsu rajona Straupes pagasta zemnieku saimniecība LAUCIŅI to receive loan for working capital.

The annual interest rate of 10%, LTV of 54%, loan term is 24 months. The Loan is repaid in several payments according to a schedule agreed with the Borrower. Interest payments on the use of the Loan shall be made monthly in accordance with the Schedule.

The borrower is engaged in cattle farming, managing 61 ha of arable land and owning 53 livestock animals. Financial results for 2022: annual turnover € 41 338.77.

The collateral consists of a land plot with a total area of 7.8 ha of agricultural land located in Straupes pagasts, Pārgaujas novads, cadastral number 42820040307.

In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 34 830 will be registered on the collateral in the Land Register of Latvia.

The demand for agricultural land currently in Latvia exceeds supply and 25% of farmers are forced to rent the land, as there is none available on the market. The price of agricultural land plots in the parish of the collateral ranges from € 3 000 to 4 300 per ha.

To secure the repayment of the loan, the borrower is pledging farming machinery tractor: -brand: Ford; -model: 8240 ; - VIN: BD27494.

The current market value of the machinery is estimated to be € 18 000.

Borrower aims to repay the loan from incoming business revenues.

The borrower is a recipient of support payments from the European Agricultural Guarantee Fund and the European Agricultural Fund for Rural Development.

Documentos

• Land_evaluation
• Machinery_evaluation