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.

LT0000860

Goal
7,000 €
Raised
7,000 €
100%
Return rate
13.5%
Rating
B+
Period
29
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Šxxxxxx
Xxxxėx x., Xxxxxxčxų x.
header_1
Declared
Owned
Farming land6.37 ha6.37 ha
20212020
Revenue 19,195.92 € 30,358.83 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

The farmer took over his parents' farm and started farming 3 years ago. Now he cultivates a total area of 6.37 ha in the Kelmės district where wheat, oats and 24 sheep are grown.

Crop productions from the farm are sold to UAB Skandagra while the sheep are being sold to private individuals.

The farm is well-equipped with 2 tractors, a combine harvester and other small pieces of equipment. 

Now he is seeking to borrow 15 000 € from the HeavyFinance investor community to increase working capital. The part of the fund will be used for the purchase of equipment and the rest is for covering farm expenses.



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.