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.

LT0001092

Goal
16,000 €
Raised
16,000 €
100%
Return rate
13.5%
Rating
A
Period
24
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxxx Xxčxūxxx
Xxxxxx x., Xxxxxxų xx., Šxxxxxxų x.
header_1
Declared
Owned
Dirbama žemė104.24 ha8.88 ha
20212020
Revenue 78,854.00 € 79,986.00 €
Net profit 29,233.00 € 33,615.00 €
Equity ratio 22.37% -
Project description
Documents
Payment schedule
We invite you to contribute to a crop farm in Širvintai district, which was established in 2014.

The farm produces wheat, rye, oats and buckwheat. As the farm is not very large, the land is managed with the help of family members. The declared land area is 104.24 hectares, of which 8.88 hectares are owned. 

The existing machinery fleet consists of several tractors, a combine harvester, a trailer for transporting cereals and other smaller machinery.

In the near future, the farmer plans to expand his farm to 150 hectares and to increase the size of his machinery fleet. With his first project, the farmer approaches the Heavy Finance community to obtain a loan of 16 000 EUR 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.