Agriculture Businesses Seeking Loan in Europe

- We are newly founded company involved in agriculture practice. - We grow different types of organic fruits, vegetables, cereals, tobacco and spices. - We supply fruits and vegetables in fresh, frozen, dry and processed state. - Major fruits and vegetables we grow are strawberry, raspberry, cherry, apple, pear, fig, cucumber, potato, pepper, melon, watermelon, lettuce, mushrooms, chestnuts, medicinal herbs, tobacco and spices. - Products are supplied to resellers in the city who would sell it to customers. - Promoter is into agriculture since 5 years and doing this business out of passion.

- Firm offers high quality technical services in all domains of dairy such as dairy plant, milk procurement. - We equip our clients to select best quality animals, ingredients & equipment for dairy & food businesses and develop their own manpower to manage the business efficiently. - We are experts in preparing detailed project reports, undertake process audit & support in setting up standard operating processes to run the projects smoothly and provide training client site, for training need analysis, setting standard processes, hygiene & sanitation, clean milk production. - Have more than 10 clients. - Now we are seeking funds for our new farming project. We plan to start our own dairy farming business. - We have already identified the land and it is yet to be purchased. - Since we are in the same field, it would be easy to start this project and grow it as soon as we receive the funds. - Promoter has more than 10 years of experience in consultancy field.

- Company involved in the processing and export of Cocoa to Northern Africa. - Seeking senior secured lender for a USD 1.5 million short-term commodity trade finance facility for a cocoa processor/trader in Spain. - Each deal amount is approx USD 50,000 - USD 100,000 on shipment of cocoa powder from Spain to 4–5 buyers mainly in Northern Africa (Morocco, Algeria, and Tunisia). - Each deal of 40-80 days is on an uncommitted, transactional basis and continuously recurs. - 60% of the deals are receivable finance of 30–60 days. Buyer non-payment risk is covered with Coface Spain credit insurance. - 10% of the deals are voyage finance of 10–20 days. Financing is from the load port to the destination port. The lender receives payment 2 days before the vessel. Arrives at the destination port. Release of title to cocoa occurs after receipt of payment. - 30% of the deals are voyage finance followed by receivable finance for a financing period of 40–80 days. - Up to 15 deals may overlap but cannot exceed USD 1.5 million in aggregate. - Senior secured lender to provide 85% of each loan. Hommocks will provide 15% of each loan as a junior secured lender. - Hommocks will document the agreements and book/administer the loans. - Interest rate is SOFR + 8%pa. Current SOFR is approx 5.35%pa. Thus, all-in rate is 13.35 %pa (=8.5% + 5.35%) currently. There will be a floor SOFR of 3.5%pa. - The borrower company was founded 11 years ago and is located in Northern Spain. - The borrower company's annual sales are USD 2.5 million, total assets USD 4 million, and equity is USD 0.8 million.