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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.
LT0000752
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 192.58 ha | 80.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 247,972.00 € | 261,016.00 € |
| Net profit | 167,524.00 € | 48,464.00 € |
| Equity ratio | 56.95% | - |
Documents
Payment schedule
About the project
This project invites the HeavyFinance investor community to contribute to the development of an ecological-certified farm. The farmer who has 20 years of farming experience, is currently developing an organic mixed farm in the Telšiai district. The 100 ha area consists of arable land where wheat, oats, rye, and other crops are grown. The rest of the farm is dedicated to meadows and pastures - 138 dairy cattle are grazing there. Part of the harvest is used as fodder for cows, while the other part is sold as seeds to UAB Agrolita.
The farm's technical fleet consists of several tractors and other smaller necessary equipment: a combine harvester, 2 tractors and 2 telehandlers.
The businesswoman is planning to build a farm annex with this loan for the successful further development of the farm. Previously, the HeavyFinance investor community has provided the farmer with the loan for a purchase of machinery, amount of 30 090 € (LT0000111). To date, the active balance is 20 132,12 €, and all instalments were 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.