Create an account to make your first investment in only few steps!
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.
LT0000611
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The project owner started farming in 2014 when he took over his parents' farm. The farm is mixed with 20 dairy cows and a number of suckler cows, and crop production of winter wheat, peas, oats and barley. It is maintained by family members. The farm has a cattle barn, but due to lack of space, a relative's facilities are also used.
The farm uses two combine harvesters, three tractors and other implements necessary for farm maintenance.
Over the next year, the project owner plans to buy a powerful hay rake, a hay collector and a baler, and to increase the existing herd of dairy cows to 50.
The farmer is now borrowing €15 000 from the HeavyFinance investor community to prepare for the upcoming season.
In total, the family farm works on about 130 ha of land, while the project owner himself declares 60.51 ha.
Annual interest - 13,5%
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.