This project gives LANDE investors an opportunity to provide funding in the amount of 28 750,00 €. Borrower is limited liability agricultural company. Purpose of loan: working capital (short term expenses).
The annual interest rate of 11, LTV of 40%, a loan term of 12 months. The entire loan principal is repaid in a single payment on the end of the loan, interest payments will be made monthly.
The borrower is engaged in growing lawn for cattle. Farmer owns 82 livestock animals and manages 110.46 ha of arable land.
The collateral consists of machinery: Valtra N174
Total value of collateral is 71 500,00 €.
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.
