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.

LT0001122

Goal
10,000 €
Raised
10,000 €
100%
Return rate
14%
Rating
B+
Period
34
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxx Xxxčxxxxxxė
Xxxxxų xxxx., Xxxxxxšxxų xxxxxxxxx., Xxxšxxxėxų xxx.
header_1
Declared
Owned
Farming land22.87 ha0.00 ha
20222021
Revenue 17,223.00 € 17,570.00 €
Net profit 10,053.00 € 13,352.00 €
Equity ratio 74.77% -
Project description
Documents
Payment schedule
With this project, we invite you to invest in the development of a mixed farm located in Prienai district, Lithuania.

The Farmer has 20 years of farming experience and now owns 22.87 ha of land. He breeds 12 beef heifers and also cultivates part of the land for crops such as maize, wheat and barley. 

The machinery on the farm consists of a tractor, a round baler, a sewing machine, a hay mower, a rake, a scythe and a trailer.

This is the farmer's first project on the Heavy Finance platform, with the aim of borrowing 10 000 EUR to purchase livestock care equipment. In the future, the project owner aims to purchase more beef cattle and expand the existing herd.

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.