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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.
LT0001091
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 38.45 ha | 4.08 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 45,969.20 € | 49,159.93 € |
| Net profit | 36,697.65 € | 40,736.66 € |
| Equity ratio | 52.39% | - |
Documents
Payment schedule
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Since 2017, a farm has been established in the Širvintai district to raise beef cattle. Today, the farm has 65 beef cattle grazing on an area of ~38 ha, of which 4.08 ha are owned.
The farmer is currently involved in a farm modernisation project with the NMA, where one of the objectives is to modernise the livestock holding. The modernisation of the farm is expected to increase the number of livestock up to 95 head and thus secure the available land.
The farm uses a new tractor, an excavator and implements for tillage and forage preparation.
The farmer approached the HeavyFinance investor community for a loan specifically for the modernisation of the farm. The loan is backed by pledge on a tractor and an excavator.
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.