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.

LT0001014

Goal
49,500 €
Raised
49,500 €
100%
Return rate
From 11.6%
Rating
B
Period
46
Time left
LTV
89%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxx xxxxxx, XXX, Xxxxxx Xxxčxxxxx
Xxšxxxxxxx, Xxxxxxx xxxx.
header_1 Declared Owned
Farming land11.68 ha11.68 ha
20222021
Revenue 47,866.00 € 50,696.00 €
Net profit 22,820.00 € 21,350.00 €
Equity ratio 26.46% -
Project description
Documents
Payment schedule

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This project invites you to invest in the development of a newly established company, Eco laikas UAB, which cultivates nut trees.

The company planted 2 200 seedlings last year and expects to start harvesting nuts in 2023. With strong ambition, the company plans to plant another 2 500 nut trees next year. The land is fully prepared for cultivation with a water reservoir dug out and the construction of technical buildings for the maintenance of the nut trees built.

In addition, the company submitted a project to the NMA earlier this year and plans to expand its land area and grow more nut trees with the funds.
Now, The company is seeking for 49 500 € from the HeavyFinance investor community. Part of the amount from this loan will be used for the development of nut trees, and the remaining amount will be used for refinancing an existing loan with another financial institution.

The main investors and developers of Eco laikas UAB are the shareholder and her spouse. On this basis, the shareholder agrees to provide her personal surety to secure the loan together with an additional guarantee from Tiksil Reklama UAB, another company she owns. Moreover, the loan is also secured by a mortgage on 11,68 ha of land with existing trees.

It is noteworthy that the company started operating in late 2020 and has not yet generated income from its harvest. During the first 9 months of 2022, the company generates revenue of 19 368 € with 1 125 €. While in 2021 the company's income was 15 700 € with a net loss of (4 911) €.
On that note, the risk rating of the loan was calculated on the basis of Tiksil Reklama UAB, a guarantor company's financial data.


Eco laikas UAB has one existing loan with HeavyFinance (LT0000167) for the purchase of a tractor and implements with a current balance of EUR 8 715. All instalments are made on time.

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.