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.

LT0001098

Goal
16,000 €
Raised
16,000 €
100%
Return rate
12.5%
Rating
A
Period
36
Time left
LTV
-
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxxxx
Xxxxxxxxx xxxx. Xxxxėxų xxxxxxxxx., Xxxxžxxėx xxx.
header_1 Declared Owned
Farming land5.00 ha5.00 ha
20222021
Revenue 79,203.00 € 19,600.00 €
Net profit 34,803.00 € -5,213.00 €
Equity ratio 59.32% -
Project description
Documents
Payment schedule
The spice herb farm in western Lithuania was established in 2018 when a Lithuanian who had been working on Norwegian farms decided to start his own wholesale business. Now he grows basil, thyme and parsley and around 20 more different herbs on his farm.

The herbs are organically grown, thus providing very high quality and fragrance. The farmer uses the hydroponic method on this farm, which means growing plants in water enriched with minerals.
Most of the production is available on the shelves at "Lidl" and "Rimi"  supermarkets. You can find more information about the business on their website https://www.prieskoniujura.eu/

The entrepreneur also rears a horse and two ponies on his farm. An owned fleet of machinery consists of 3 tractors and a lorry.


In 2021, the farmer's profit was negative as most of the funds were spent on farm expansion. The entrepreneur plans to continue developing his herbs farm and build a 5 000 square metres greenhouse.
With his first project on the Heavy Finance platform, the entrepreneur aims to borrow EUR 16 000. The money will be used to purchase lighting equipment for the greenhouse.

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.