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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.
LT0001048
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 140.49 ha | 19.73 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 78,260.00 € | 41,577.00 € |
| Net profit | 12,965.00 € | 26,173.00 € |
| Equity ratio | 36.81% | - |
Documents
Payment schedule
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Povilas inherited the farm from his grandparents when he was a student, starting with 12 hectares and expanding to over 140 hectares.
The land is sown with wheat, triticale and barley. The farmer took over all the necessary machinery from his grandfather and now has one old tractor, one new tractor, a combine harvester and all other necessary implements.
A young farmer runs the farm with help from family members, no additional worker is hired.
The farmer plans to expand the farmland to 300 hectares in the future. Therefore, with his second project on the Heavy Finance platform, he aims to borrow €29 000 to buy land. Payments on the existing loan (LT0000832) with a balance of EUR 48 000 are being made on time.
The loan is secured by a mortgage of 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.