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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.
LT0000892
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 403.56 ha | 227.54 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 305,299.00 € | 365,166.00 € |
| Net profit | 186,875.00 € | 69,342.00 € |
| Equity ratio | 68.98% | - |
Documents
Payment schedule
The entrepreneur, who started farming 14 years ago, successfully manages a 403,55 ha mixed organic farm in Anykščiai district. Half of the land is occupied by cereal crops and the rest by beef cattle. The farmer currently rears 180 beef cattle. The farming traditions are also upheld by the farmer's family - his mother owns about 180 hectares of land and his wife 125 hectares. The family manages the land jointly. The farm currently uses four tractors, a combine harvester, a sowing machine, a rake, a cultivator, and other small implements.
The farmer not only believes in the vision of his farm, but also takes a rational approach to planning for the future by calculating risks, efficiency, environmental and monetary impacts. Smart farm management and timely investment make a big difference to agricultural development, which is why HeavyFinance invites you to invest in a loan for the development of an organic farm site.
This is not the first project of the project owner on the HeavyFinance platform - in the past, the farmer has borrowed 9 loans from the HeavyFinance investor community for the purchase of land, a farm and new machinery with the support of the National Payment Agency. 2 out of 9 loans are fully repaid of in amount of 65 400 € - Investors have earned 32.314,09 € of interest so far from the customer during the whole period.
The other 7 active loans have the total balance of €326 229.13. All instalments are covered.
The farmer is now borrowing €12 400 to increase the farm's working capital to cover fuel costs.
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.