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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.
LT0001141
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 79.56 ha | 32.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 156,338.00 € | 123,828.00 € |
| Net profit | 81,164.00 € | 53,431.00 € |
| Equity ratio | 29.65% | - |
Documents
Payment schedule
The woman who took over her parents' farm, and started farming in 2018. The farm grows wheat and barley, and all the crops are fed to the cows.
Currently, there are 40 cows on the farm, which she plans to increase to 59 in the near future.
She works together with her husband and employs three additional workers. The farm uses a sowing machine, a baler, a slurry wagon and other small machinery.
The farmer is seeking for an additional finance of 45 000 € to develop her farm buildings. To secure the loan, she provides her residential house with farm buildings value of 80 000 € as a collateral.
This is her third project on the HeavyFinance platform. The loan LT0000784 has an existing principal of 92 578 €. While the loan LT0000864 has an existing principal of 15 000 € which is scheduled to be repaid in December.
After the loan repayment and issuing this loan, the farmer will have an active principal balance of 137 578 €, and the total value of pledged assets will be 190 110 €.
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.