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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.
LT0000930
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 117.19 ha | 10.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 50,307.00 € | 46,036.00 € |
| Net profit | 20,324.00 € | 29,597.00 € |
| Equity ratio | 29.03% | - |
Documents
Payment schedule
With this project, we invite you to contribute to the rapidly growing farm's activities. The businessman, who started farming in 2017, owns a 117,9 ha mixed farm in Klaipėda district. Wheat and rapeseed are grown here, as well as 20 beef cattle.
The farm uses two tractors, mowing, and tillage equipment. The farmer claims that he owns all the needed heavy machinery for farming except a combine harvester- the farmer has already received the approval of the National Paying Agency (NMA) for its purchase and plans to acquire the equipment before the start of the next harvesting season. Besides, the farmer is constantly looking for ways to expand the farmland - every year the businessman manages to join about 30 hectares of land.
Recently, the businessman has fully repaid a loan he borrowed from the HeavyFinance investor community. All instalments of his previous loan have been made in a timely manner with zero days of delay.
Now, the young farmer needs additional working capital, therefore he borrows 15 000 € from the HeavyFinance investor community to implement this goal.
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.