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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.
LT0000826
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 86.07 ha | 40.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 85,812.00 € | 24,421.00 € |
| Net profit | 69,389.00 € | 15,178.00 € |
| Equity ratio | 40.47% | - |
Documents
Payment schedule
The businesswoman established a mixed farm in 2010. The family-run business grows wheat, rapeseed and corn among other crops. It also has dairy cows and beef cattle.
The farm already has a telescopic loader, a tractor and needed instalments.
The farm is a member of Pienas LT cooperative. It sells grain to a Kauno grūdai - one of the largest food business groups.
As the businesswoman took some part of her mother's farm, the revenue for 2021 increased more than 2 fold compared to 2020.
The project aims to borrow 161 500 € to buy milking robots and other smaller equipment. This is the entrepreneur's second project, the balance of the first project (LT0000619) is 34 848 €.
The farmer met all the criteria to receive subsidies from the National Paying Agency under the Ministry of Agriculture of the Republic of Lithuania, totalling 182 515 € for the modernisation of the farm. The purchase of these milking robots will therefore provide her with more than 122 750,00 € in financial support.
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.