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Agriculture loan
+State guarantee
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.
LT0000089
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in an agricultural loan backed with liquid collateral and a guarantee provided by the Agricultural Credit Guarantee Fund of Lithuania.
With this modern scheme, in case of a default, the farmer is guaranteed the repayment of up to 80% of the outstanding credits. The Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction.
Additionally, the businessman seeking this agricultural loan is in a farming business for more than a decade and works over 600 hectares of arable land. To take care of large fields, he has a tractor, combine harvester and many more heavy-duty vehicles needed in agriculture. However, to increase farms' efficiency, the businessman decided to purchase a telescopic loader „Manitou MLT 940 140V+“ for 110.110€.
Annual interest rate
• Investing from 100 € - interest 10,30%
• Investing from 500 € - interest 10,90%
• Investing from 1.000 € - interest 11,20%
• Investing from 2.000 € - interest 11,40%
• Investing from 5.000 € - interest 11,70%
• Investing from 10.000 € - interest 11,90%
• Investuojant nuo 20.000 € - interest 12,20%
• Investuojant nuo 30.000 € - interest 12,60%
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.