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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.
LT0000795
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 49.62 ha | 26.15 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 58,376.00 € | 45,766.00 € |
| Net profit | 36,829.00 € | 24,337.00 € |
| Equity ratio | 34.95% | - |
Documents
Payment schedule
Kazimieras Brazauskas took over the farm of his parents in 2017. Since then, the farm has been expanding and now has almost 50 hectares of arable land. The farmer grows cattle, winter wheat and summer wheat.
23 years old agriculture businessman sees many opportunities for further expansion because many old farmers want to sell their land close by. Considering the lack of workforce in the agricultural sector, he already has two tractors and a combine harvester. Consequently, he is planning to acquire more heavy-duty vehicles.
Previously, the farmer borrowed funds from HeavyFinance investor community for a purchase of the new plough, the total active loan balance is 5 024,88 €.
Now, the farmer needs to buy a brand new tractor, Fendt 516 Vario. Therefore, the farmer is borrowing 90 000 € and will use this tractor as collateral.
The farmer met the criteria to get subsidies from the National Paying Agency under the Ministry of Agriculture of the Republic of Lithuania with the total amount of 50 000 € to modernize his farm. Therefore, after buying this tractor he will receive over 36 000 € in financial support.
This is the second stage of the modernization plan. Previously, the farmer received almost 6 000 €, the first stage financial support from NMA, for a plough he bought.
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.