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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.
LT0000787
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 2.29 ha | 2.29 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 29,039.00 € | 14,021.00 € |
| Net profit | 16,610.00 € | 8,190.00 € |
| Equity ratio | 97.1% | - |
Documents
Payment schedule
The farmer started his farming activities in 2004, when he inherited the farm from his grandparents.
Currently, the farmer is managing 2.28 ha of owned farmland in Ariogalos where onion, potatoes, garlic and beets are grown. All of the vegetables are being sold to the local restaurants.
Farmer works together with his family members on the farm. The farm is equipped with 2 tractors and other smaller pieces of equipment.
Currently, the farmer grows all of his vegetables outside. However he plans to build greenhouses in the future. Farmer is seeking to borrow 9 000 € from the HeavyFinance investor community to renovate one of the buildings in his farm.
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.