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.

LT0001015

Goal
16,000 €
Raised
16,000 €
100%
Return rate
10.5%
Rating
A
Period
13
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Šxxūxxx Xxxxxxxxxxx
Xxxšxxxxxxxx xxxx., Xxxxxxxxxx xxxxxxxxx., Šxxxšxxxx xxx.
header_1 Declared Owned
Farming land160.32 ha33.58 ha
20212020
Revenue 76,126.00 € 67,921.00 €
Net profit 27,876.00 € 10,912.00 €
Equity ratio 54.02% -
Project description
Documents
Payment schedule

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A mixed farm in the Kaišiadorys district has been already operating for 10 years. The farm currently breeds 64 beef cattle and grows cereal crops such as wheat, oilseed rape and other crops.

The area under cultivation is 160 hectares, of which 33 hectares are owned. The farmer uses two tractors, a combine harvester and other necessary implements to work the land.

This is the farmer's first project on the Heavy Finance platform, with the aim of borrowing EUR 16 000. The funds will be used to repair the tractor in order to prepare it properly for the coming season.


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.