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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.
LT0001054
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 170.60 ha | 16.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 102,017.00 € | 97,675.00 € |
| Net profit | 12,928.00 € | 6,871.00 € |
| Equity ratio | 9.19% | - |
Documents
Payment schedule
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Since 2012 a farmer has been cultivating a crop farm in Klaipėda district.
Spring and winter triticale, barley, wheat, rye, and peas are grown on the farm. The farmer's family is also actively engaged in farming activities. As the family manages the farm together, the total area of land is 500 ha.
Currently, a tractor, a loader, combine and a slurry tanker are used in the farm's activities. The farmer plans to expand the farmland to 200 ha in 2022.
The farmer has already fully repaid the loan LT0000138 (144 450 €). The interest earned by the investors in this project amounts to more than 14 600 €.
Now, the entrepreneur aims to borrow 65 000 € to increase his working capital. The loan will be secured by a mortgage on a New Holland tractor and a Merlo telehandler.
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.