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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.
LT0000275
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
This project provides the HeavyFinance investor community with an opportunity to finance a Lithuanian crops farm. The project owner has almost two decades of experience in the agriculture sector. She is developing a 311,23 ha farm in Panevėžys district, where spring and winter wheat, rapeseed, and peas are grown here.
The farm's heavy equipment fleet currently consists of three tractors, a sprayer, a cultivator, a drill, a combine, a telescopic loader, and other equipment necessary for maintaining the successful farm. To prepare for the sowing season, the businesswoman aims to borrow 10.000 € to purchase a trailer for fertilizers transportation.
The farm's financial statements show that in 2019 the farm did not make any profit. The unfavorable situation was due to the infertile season. However, the financial results of 2020 show that the farm has recovered - last year the profit reached almost 130.000 €.
The entrepreneur already has further plans for the development of the farm - she plans to renovate the grain dryer and buy a spreader.
This is not the first farmer's project on the HeavyFinance platform - in total, the businesswoman has borrowed 52.950 €. Loan payments are made on time.
Area of declared land: 311,23 hectares, from which 187,20 hectares are owned by the project owner.
Annual interest - 14%
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.