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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.
LT0001073
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 80.03 ha | 34.53 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 107,345.00 € | 78,544.00 € |
| Net profit | 97,493.00 € | 61,450.00 € |
| Equity ratio | 49.74% | - |
Documents
Payment schedule
The farmer manages an 80.03-hectare livestock farm in the Ukmergė region, where she has been practicing organic farming for almost two decades. There are 59 dairy cattle grazing here, 28 of which are dairy cows. There are also 9 beef cattle on the farm at the moment.
During her long career as a farmer, the businesswoman was able to complete five farm development projects related to National support, including the renewal and purchase of new equipment and the construction of farm buildings. The current farm technical fleet consists of a combine harvester a tractor, all the equipment necessary for mowing, a press, a trailer, a manure spreader, a shaker, and a shredder.
The farmer has borrowed money from another creditor for the development of the farm, but now aims to refinance the loan at a much lower interest rate.
For that reason she has applied to the Heavy Finance community for a loan, which will be secured by a land plot of 16.80 hectare.
This is not the farmer's first project on the HeavyFinance platform, she already has 5 projects (LT0000343, LT0000441, LT0000699, LT0000792, LT0000918) with a current loan balance of 127 410 EUR All payments have been made on time.
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.