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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.
LT0000887
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 36.26 ha | 10.44 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 34,308.00 € | 30,738.00 € |
| Net profit | 20,240.00 € | 17,678.00 € |
| Equity ratio | 70.19% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a mixed farm. The farmer, who has been farming for seven years, manages 36.27 ha of land, where 20 beef cattle graze and a part of the land is used for crop production - corn, wheat, and barley are grown on the farmland. The project owner manages a farm together with his wife - she also declares 70 dairy cattle and a bigger part of the crop area. The total family farm occupies 200 hectares.
Four tractors, a baler, a seed drill, a mower, a rake, a distributor, and a trailer are used in the farm.
The project owner is already known by the HeavyFInance investor community, he has previously borrowed the loan LT0000267 for working capital. The active balance is 6 702,52 €
The farmer is now borrowing 50 000 € from the HeavyFinance investor community for a further renovation of the 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.