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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.
BG0002920
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 201.28 ha | 22.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 156,402.47 € | 80,784.12 € |
| Net profit | 23,448.49 € | 4,090.34 € |
| Equity ratio | 32.65% | - |
Documents
Payment schedule
Established in 2021, Agromaks 96 is a family-owned farming business specializing in the cultivation of grain crops such as wheat, corn, sunflower, barley, and sorghum. Committed to continuous development, the company consistently invests in modern machinery and technology while expanding its cultivated land. In the most recent season, the farm expanded from 136 to 201 hectares.
In line with its focus on sustainable agriculture, Agromaks 96 has transitioned from conventional farming to regenerative practices. Today, more than 60% of the land is cultivated using no-till, strip-till, and minimum-till methods, demonstrating the company’s commitment to environmentally responsible farming.
To ensure a productive and smooth season, Agromaks 96 is seeking a loan for working capital. This is the company’s third loan through InSoil — the first has been fully repaid, and the second (loan ID BG0002256) is being serviced on time, with an outstanding principal of €37,717.82.
As additional security, the company has pledged its 2024 EU agricultural subsidy, which will serve as a secondary-rank collateral, given that the first rank is currently pledged to loan BG0002256. The company is entitled to receive €56,444.84 under this subsidy. The funds, issued under the Common Agricultural Policy (including the Single Area Payment Scheme via the State Fund Agriculture), will be directed to an account where InSoil holds full rights to the pledged receivable.
Furthermore, the company’s director and his father are providing personal guarantees to further secure this 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.