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.

LT0001148

Goal
16,000 €
Raised
16,000 €
100%
Return rate
11%
Rating
A+
Period
23
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxxx Xxxčxūxxx
Xxxxxxxxxxx, Xxxxxėx xxxx.
header_1
Declared
Owned
Farming land301.28 ha208.46 ha
20212020
Revenue 351,043.00 € 312,869.00 €
Net profit 191,510.00 € 176,675.00 €
Equity ratio 62.66% -
Project description
Documents
Payment schedule
Established in Akmenė district in 2000, the farm grows wheat, peas, beans and other cereals.

The farmer owns a total of 301.28 ha of land, of which 208.46 ha are under his ownership. All farm work is carried out using several tractors, a combine harvester and smaller implements.



With his first project on the Heavy Finance platform, the entrepreneur seeks to borrow EUR 16 000 to increase his working capital.

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.