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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.
LT0001130
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 60.49 ha | 14.28 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 61,680.00 € | 62,648.00 € |
| Net profit | 5,111.00 € | 1,794.00 € |
| Equity ratio | 12.78% | - |
Documents
Payment schedule
In 2014, a crop farm was established in the Kėdainiai district with a focus on crop production growing wheat, rapeseed, barley, beans, peas and more.
Today, the farm area covers 60.49 hectares where he owns over 14 hectares. Together with the farm that belongs to the family, the area covers over 100 hectares. The family-run farm manages by father and son using the machinery fleet they own, which includes a combine harvester, a couple of tractors and other agricultural machinery.
In the future, the farmer plans to fully take over the farm from his father and gradually upgrade the machinery to optimise the work.
The farm is now looking for a loan for the start of the new season. This working capital will be used to buy fuel, parts, fertilisers, and some seeds. Part of the loan amount will also be used to secure the lease agreement for additional land.
The loan will be backed by a pledge on a combine harvester and a tractor with a total value of 63 910 €, resulting in 70% LTV.
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.