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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.
LT0000708
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 88.22 ha | 40.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 30,702.00 € | 28,376.00 € |
| Net profit | 18,026.00 € | 17,856.00 € |
| Equity ratio | 72.23% | - |
Documents
Payment schedule
About the project
The businessman, who has more than 25 years of experience in agriculture, manages a 123 ha mixed farm in the Mažeikiai district. Crops, such as wheat, barley, and other crops, as well as beef cattle are grown on the farm.
The farm's equipment fleet consists of a tractor and other necessary equipment. To modernize the farm, the project owner has received NPA support for the purchase of new equipment.
The first stage of the support is intended for the purchase of a New Holland T7.175 tractor. The grant amount for the project is 34.000 €. The support will be paid to the businessman by the end of the summer after the purchase of the tractor.
In the coming years, the farmer is planning to implement the second stage of the received support by purchasing more new machinery.
This is not the businessman's first loan on HeavyFinance platform, he has one loan with the current balance of 40 351,57 € and the payments are being paid on time.
Now the farmer is seeking to borrow 11 000 € from the HeavyFinance investor community to increase farm's working capital which will help in buying seeds and fertilizers.
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.