Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

LV0001724

Goal
15,700 €
Raised
15,700 €
100%
Return rate
14.5%
Rating
B+
Period
38
Time left
LTV
50%
Country
Latvija
Loan purpose
Apyvartinio kapitalo padidinimui
Business information
Security measures
Loan history
Project owner
Address
XXX "XXXXX", Xxxxxxxx Xxxxxxxxxx
Xxxxxx xxx., Xxxģx xxx., Xxxxx, "Xīxxxģx", XX-5707
header_1
Declared
Owned
Farming land460.00 ha125.00 ha
20222021
Revenue 513,028.00 € 439,220.00 €
Net profit 82,524.00 € 1,383.00 €
Equity ratio 35.27% -
Project description
Documents
Payment schedule
About the project The agricultural company, founded in 1997, preserves up to 460 hectares, where crops such as winter wheat, barley, and oilseed rape are grown. A New Holland combine, Claas and Massey Ferguson tractors, a seed drill, a sprayer, and a spreader make up the company's fleet. The loan is needed to buy seeds and fuel.The loan will be secured by land plot, which value is 31.353,60 €. Area of declared land: 460 hectares, from which 125 hectares are owned by the project owner
Active loans balance: Collateralized - € 0 Uncollateralized - € 0
Active loans total: € 0

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.