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.

LT0001025

Goal
12,000 €
Raised
12,000 €
100%
Return rate
12.5%
Rating
A
Period
36
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx Xxxxxxčxxxė
Xxxxxxxšxxx xxxx., Xxxxxxxxų xxx.
header_1 Declared Owned
Farming land22.65 ha0.92 ha
20212020
Revenue 24,146.79 € 24,842.81 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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The farm in the Vilkaviškis district started operating in 2015 and has been producing meat sheep and cereal crops.

Sheep farming is slowly being phased out due to unfavourable meat prices, forcing the farmer to focus more on their crop production. For this reason, the 22 ha of farmland has been fully planted with cereals this year.

The farm is managed and operated entirely by family members. The machinery, while not new, is sufficient to work the land. The farmer also earns revenue from her employment contract alongside her existing farm activities.

This is her first project on the HeavyFinance platform, with the aim of borrowing EUR 12 000 for working capital. The funding will be used to buy fertilisers, fuel and spare parts.

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.