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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.
LT0001097
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,165,167.00 € | 721,884.00 € |
| Net profit | 152,972.00 € | 119,146.00 € |
| Equity ratio | 59.03% | - |
Documents
Payment schedule
Founded in 2013, the company transferred its ownership to a new company, Road Staff UAB. Now company provides logistic services and recruiting long-distance drivers. There has been no change in the company's manager and shareholders.
Under long-term contracts with several German companies, the company sends its employees to Germany when additional drivers are needed. The trucks are primarily provided by the company's partners, although the firm also owns two trucks and rents out several more.
The firm now employs about 36 long-distance drivers, but it is focused on acquiring new staff soon. The company plans to purchase another tractor next year.
Former "Magic LT" already has one existing loan (LT0000388) on the HF platform, which is being repaid without delay (balance 5 311.86 €). The company's shareholder is currently seeking an additional loan to increase her working capital, on which she is a personal guarantor.
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.