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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.
LT0000921
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 1.03 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 58,988.00 € | 31,960.00 € |
| Net profit | 2,938.00 € | 17,216.00 € |
| Equity ratio | 4.11% | - |
Documents
Payment schedule
The company in Panevezys district was founded in May 2021 and is active in the production of dairy cows. The farm has 145 cattle of which 70 are dairy cows and 75 young cows.
The company delivers milk to "Rokiškio sūris" AB, which has a long-term cooperation agreement with fixed prices. This is not a new activity for the company's manager Virginijus and shareholder Jurgita, as they have been farming on a number of large farms since 2003, with a total family land area of 400 ha. The company declares only 1 ha of land, as the owners' farms undertake to supply the necessary amount of feed from their farms to care for their livestock.
Even though the company is newly established last year, it shows rapid growth this year as it already generated almost 60k in revenue during the first 5 months which is almost double the 2021 income.
The company plans to buy three tractors from official dealers for the maintenance of the livestock, which is why they approached the HeavyFinance investor community. The loan of 61200 Eur is secured by a pledge of machinery and a personal guarantee of the shareholder.
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.