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.

LT0000883

Goal
8,000 €
Raised
8,000 €
100%
Return rate
12.5%
Rating
B+
Period
16
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxxxxxxx
Xxxxėx xxxx, Xxxxxžxxčxx xxxxxxxxx., Xxxxxxų x.
header_1 Declared Owned
Farming land26.22 ha0.00 ha
2021
Revenue 18,107.08 €
Net profit -
Equity ratio -
Project description
Documents
Payment schedule

The young farmer became active in the farming sector after graduation in July 2020. He now runs a mixed farm with 15 dairy cows and cereal crops.

Currently, the entrepreneur operates 26 hectares of land in the Kelme district.  12 ha of these are grassland and the rest is cereals. The farmer usually carries out the work by himself. His farm machinery fleet consists of a John Deere tractor and tillage tools such as a plough, harrow, sowing machine, fertiliser spreader, sprayer, and all the equipment needed to prepare forage. During the autumn he plans to buy a small combine harvester and about 6 ha, as now all the declared land is rented.

The farmer declared zero income in 2020 as he started his farming business in July 2020 and sold his harvested crops in 2021.
This is the farmer's first project, with the aim to obtain 8 000 € from the HeavyFinance investor community to carry out the summer work.

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.