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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.
LT0000909
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 515.00 ha | 200.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 1,361,294.00 € | 2,464,728.00 € |
| Net profit | 359,069.00 € | 319,338.00 € |
| Equity ratio | 26.05% | - |
Documents
Payment schedule
The businessman established a family farm in 1995. Seeing the success of the father, his daughter and two sons also launched farms themselves.
Consequently, the farmer now declares 515 hectares of arable land, of which 200 hectares he owns. But the whole family declares 2.300 hectares of arable land.
The ecological farm grows mainly wheat and buckwheat. the businessman has various heavy-duty vehicles and also grain storage towers, where he can store up to 1.500 tons of grain. Therefore, he's also purchasing grain from other farmers to sell it later for a higher price.
The farmer has already fully repaid two of his loans (LT0000187; LT0000420) of 160 000 € and investors has already received 11 200 € of interest. Currently, the farmer has two active loans (LT0000796; LT0000533) with the total active balance of 145 000 €
This loan will be used to cover the working capital, with which the farmer will purchase grains from other farmers.
Note: A promissory note is a financial instrument that contains a written promise by one party (the note’s issuer or maker) to pay another party (the note’s payee) a definite sum of money, either on demand or at a specified future date.
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.