Business Plan Africa Investor-Ready Plans

Cattle Baron Master Business Plan — Appendix C: Funding and Debt Schedules

Facility-by-facility drawdown, interest and amortisation schedules across Land Bank and asset finance.

Appendix C: Funding and Debt Schedules

Jump to section

On this page

C.1 Sources of funding
C.2 Livestock and asset finance, foundation herd — R1 670'000 at 11.5%
C.3 Land Bank production facility, Year 2 — R1 800'000 at 10.0%
C.4 Blended Finance loan component, Year 3 — R2 500'000 at 7.5%
C.5 Land Bank expansion facility, Year 4 — R3 500'000 at 10.0%
C.6 Land Bank expansion facility, Year 5 — R3 600'000 at 10.0%
C.7 Combined debt service

C.1 Sources of funding

Source	R’000	Drawn	Character
Founder equity	2 200	Year 1	Own contribution; ranked last
Blended Finance grant, first tranche	1 800	Year 1	Non-repayable; conditional on the scorecard assessment
Blended Finance grant, second tranche	1 600	Year 3	Non-repayable; requires two years of financial statements
Livestock and asset finance	1 670	Year 1	Secured on the foundation herd and equipment
Land Bank production facility	1 800	Year 2	Requires demonstrated production history
Blended Finance loan component	2 500	Year 3	The loan half of the blended instrument
Land Bank expansion facility	3 500	Year 4	Expansion to 350 cows
Land Bank expansion facility	3 600	Year 5	Expansion to 450 cows
Total funding raised	18 670

C.2 Livestock and asset finance, foundation herd — R1 670'000 at 11.5%

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	96	192	192	160	128
Capital repaid	—	—	278	278	278
Closing balance	1 670	1 670	1 392	1 113	835

C.3 Land Bank production facility, Year 2 — R1 800'000 at 10.0%

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	90	180	180	154
Capital repaid	—	—	—	257	257
Closing balance	—	1 800	1 800	1 543	1 286

C.4 Blended Finance loan component, Year 3 — R2 500'000 at 7.5%

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	94	188	188
Capital repaid	—	—	—	—	250
Closing balance	—	—	2 500	2 500	2 250

C.5 Land Bank expansion facility, Year 4 — R3 500'000 at 10.0%

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	—	175	350
Capital repaid	—	—	—	—	—
Closing balance	—	—	—	3 500	3 500

C.6 Land Bank expansion facility, Year 5 — R3 600'000 at 10.0%

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	—	—	180
Capital repaid	—	—	—	—	—
Closing balance	—	—	—	—	3 600

C.7 Combined debt service

R’000	Year 1	Year 2	Year 3	Year 4	Year 5
Loans drawn in the year	1 670	1 800	2 500	3 500	3 600
Total interest	96	282	466	702	1 000
Total capital repaid	—	—	278	535	785
Total debt service	96	282	744	1 237	1 785
Loans outstanding	1 670	3 470	5 692	8 656	11 471
Less cash	(884)	(764)	(1 657)	(1 140)	(604)
Net debt	786	2 706	4 035	7 516	10 867
Cash EBITDA	(604)	(822)	(946)	(819)	112
Owner’s funds	3 109	2 750	4 253	4 523	5 538
Gearing	34.9%	55.8%	57.2%	65.7%	67.4%

Previous sectionB. Appendix B: Capital Schedules

Next sectionD. Appendix D: Risk Register