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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.
LT0000686
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 0.00 € | 0.00 € |
| Net profit | -30,288.00 € | -5,167.00 € |
| Equity ratio | 62.89% | - |
Documents
Payment schedule
About the project
The company was founded 3 years ago. The main goal of the company is to become a leading company in the asphalt industry.
Today, the company has acquired a 4 ha plot of land in Kaunas district and is finishing the construction of an asphalt plant with its own funds, which will be able to produce 40 000-60 000 tonnes of asphalt per season.
The company employs specialists who have gained experience in companies such as Kauno Tiltai and Kauno Keliai. This experience has enabled them to identify a business niche that is not of interest to the major road construction companies. As the land, the plant and all the equipment are purchased with own funds, the main equipment is to be financed.
The company will start active operations at the end of May, when it will receive its first income. The full asphalt team of 7-8 people is currently being assembled, all of whom have already been selected and are ready to join as soon as the machinery is purchased. The company is currently borrowing EUR 93 000 to purchase a second-hand 2015 tracked asphalt paver.
There is also a subordination of loans which will be granted by the shareholder to the company for the full term of the loan for a minimum of €300,000.
The owner of the project will repay the principal amount of the loan on an annuity basis with a 6-month deferral.
Interest is payable monthly.
Following the regulation, we kindly inform that the director of this company is also one of the shareholders of HeavyFinance.
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.