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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.

LT0001052

Goal

16,000 €

Raised

16,000 €

Return rate

15%

Rating

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Verslo informacija

Apsaugos priemonės

Paskolų istorija

Project owner	Address
Ūxxxxxxxx (-ė) Xxxxxxx Xxxxxxxx	Xxxxščxxxx xxx., Xxxxšxxx xxxx.

header_1	Declared	Owned
Dirbama žemė	140.39 ha	35.87 ha

	2021	2020
Revenue	107,548.00 €	8,131.00 €
Net profit	142,059.00 €	28,396.00 €
Equity ratio	51.43%	-

Projekto aprašymas

Dokumentai

Mokėjimo grafikas

With this project, we invite you to invest in the development of a dairy farm in the Rokiškis district.

The businessman who started farming in 2020 had the desire to help his family, which is the main reason for moving to the countryside and setting up the farm. You can read more about his story which was published by a Lithuanian media here

The farm currently has 100 cattle, of which 56 of are dairy cows and grows wheat, meadows, oats, and rapeseed. The farmer works on the farm together with his family and employs two additional workers. The farm's machinery fleet consists of 2 tractors, a plough, a rake and other smaller machinery. The farm owner has also purchased milking robots to optimise milking processes. His milk productions are sold to AB "Rokiškio sūris". Besides, farming is not the only activity of a farmer as he also works remotely for several foreign finance companies.

As the farm is growing rapidly, the entrepreneur expects to become a fully organic farm within the upcoming years with a plan to increase the number of dairy cows to 100.

Due to delays in NMA (National Paying Agency) payments, an entrepreneur approached Heavy Finance to borrow EUR 16 000 for working capital.

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.