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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.
LT0001135
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 143.50 ha | 38.97 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 190,815.00 € | 122,324.00 € |
| Net profit | 79,082.00 € | 25,006.00 € |
| Equity ratio | 27.08% | - |
Documents
Payment schedule
This project gives the HeavyFinance investor community the opportunity to invest in Lithuania's mixed farm.
The farmer has been mixed farming since 2014. Over the past years, he has expanded his agricultural land from 60 ha and is now developing a 143.50-ha farm in the Šilutė district. He owns around 39 ha of the land and the rest is rented. The farm currently produces crops such as wheat and barley, as well as 74 cattle.
The entrepreneur is constantly looking for ways to expand his business and plans to buy more farmland and cattle in the future. The farm's current fleet of heavy machinery includes three tractors, a combine harvester, trailers and other necessary implements.
During the 9-month period of 2022, the farm already generated a revenue of 190 815 € exceeding 2021's revenue of 122 324 €
The farmer has twos active loans on the HeavyFinance platform (LT0001001 and LT0000790) amounting to €34 719. Moreover, he also already fully repaid the loan LT0000071.
Now, he is seeking to borrow an additional 16 000 € for the renovation of a cattle barn as well as repay the loan LT0000790.
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.