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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.
BG0001544
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 28.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 16,400.00 € | 0.00 € |
| Net profit | 5,100.00 € | -8,200.00 € |
| Equity ratio | 26.03% | - |
Documents
Payment schedule
The Agronaar company has been engaged in animal breeding since 2018.
Now the family-run farm is raising 17 cows and 10 calves on a rented 27 hectares of land where an ecological barn is located
In 2022, Agronaar received a certificate for organic production and began selling the production to certified companies.
The lack of official financial statement in 2021 is due to the fact that the production was sold without documents.
The HeavyFinance investor community has already contributed to the development of the farm through their first loan which has the active balance of 13 500 €.
Now the farm is looking for additional finance to increase its working capital. The principal amount will be repaid from the state subsidy which is scheduled to be paid by June 2024.
Moreover, the company director together with her husband are providing their personal guarantee to secure the loan.
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.