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.

LT0000732

Goal
100,000 €
Raised
100,000 €
100%
Return rate
From 11.8%
Rating
B
Period
28
Time left
LTV
56%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxxxxxxxxx
Xxxžxųxų Xxėxų xxx., Xxxxžxxxxxxx, Xxxxx xxxx.
header_1 Declared Owned
Farming land271.35 ha83.47 ha
20212020
Revenue 336,706.00 € 381,632.00 €
Net profit 60,694.00 € 113,156.00 €
Equity ratio 12.64% -
Project description
Documents
Payment schedule

About the project

The farmer has been managing more than 270 hectares of crop farm since 2004. The businessman sows rapeseed and grains on the farmland, this year will expand the variety of crops grown by allocating part of the fields to peas.

The entrepreneur follows the newest farming trends and now is considering switching from arable to no-till farming as this farming method saves energy resources and increases the amount of humus in the soil.
The farm's technical fleet consists of two tractors, a combine harvester, and a forklift.

With this loan, the farmer wants to refinance an existing obligation for another financial institution.

The businessman has already borrowed 3 loans from the HeavyFinance investor community (LT0000371, LT0000377 and LT0000408), with total current balance of 132,888 €. The payments are being made on time.

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.