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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.
LT0001001
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 143.50 ha | 39.44 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 122,324.00 € | 77,580.00 € |
| Net profit | 25,006.00 € | 25,178.00 € |
| Equity ratio | 22.31% | - |
Documents
Payment schedule
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This project gives the HeavyFinance investor community the opportunity to invest in the development of the Lithuanian mixed farm.
A farmer engaged in mixed farming since 2014. During the recent years, the farmer has expanded his farmland from 60 hectares and now he is developing a 143,50 hectare-farm in Šilutė district. Over 39,44 ha of the land used for farming is owned by him and the rest is rented. The farm currently grows crops such as wheat and barley, as well as 74 cattle.
The businessman is constantly looking for ways to expand his business, so he plans to buy more arable land and cattle in the future. Currently, the farm's machinery fleet consists of three tractors, a combine harvester, trailers, and other necessary implements.
The farmer has one active loan (LT0000790) of €7 000 on the HeavyFinance platform, of which 50% will be repaid in December this year. The farmer wants to use this loan to pay in full for the fertiliser and seed he has purchased, as payments from the grain buyers have been slow. The businessman wants to ensure proper payment, and is pledging the machinery he has purchased this year as collateral.
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.