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.

LT0000960

Goal
15,300 €
Raised
15,300 €
100%
Return rate
12.5%
Rating
A
Period
37
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxxx Xxxxxxx
Xxxxxxšxxų xxx., Xxxxxxxxxx xxxxxxxxx., Xxxžų xxxx.
header_1 Declared Owned
Farming land166.96 ha96.85 ha
20212020
Revenue 97,414.00 € 111,171.00 €
Net profit 28,000.00 € 40,306.00 €
Equity ratio 45.36% -
Project description
Documents
Payment schedule
With this project, we invite you to invest in the development of a farm in Biržai district. 

The farmer started farming in 1998 when his parents passed over the family farm him 10 ha of land. Now he grows wheat, rapeseed and barley. A farmer works on a farm with the help of family members.
The farm machinery fleet consists of 4 tractors, 2 trailers, a sowing machine, a combine harvester and other smaller equipment.

The farm uses non-farming technology and sells all the crops to UAB "Agrokoncernas" and AB "Linas agro". 

This is the farmer's first project on the HeavyFinance platform, with the aim of borrowing EUR 15 300 to increase the agricultural land.

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.