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.

LT0001156

Goal
33,000 €
Raised
33,000 €
100%
Return rate
From 13.1%
Rating
C+
Period
33
Time left
LTV
60%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxx Xxxxčxx
Xxxxžxxxxxų XX xxx., Xxxxxxxxxų xxxxxxxxx., Xxxxxxėx xxxx.
header_1 Declared Owned
Farming land61.20 ha44.72 ha
20212020
Revenue 23,214.00 € 20,434.00 €
Net profit 11,859.00 € 8,915.00 €
Equity ratio 34.63% -
Project description
Documents
Payment schedule


The project owner, who has years of experience, is running a crop farm in the Taurage region. The farmer cultivates on a 61.2 ha of land where he owns 44.72 ha.

The farm grows potatoes and cereals, most of which are wheat. His technical fleet consists of a combine harvester and two tractors.


With this project, we invite the HeavyFinance investor community to help the farmer increase his working capital to prepare for the upcoming season and refinance his loan.

The money from this project will cover LT0000126 and LT0000733 with a total amount of 28 540 €. After refinancing the loans, the farmer will have one existing loan LT0000484 with an existing amount of 10 000 €.


To secure the loan, the businessman will pledge a Case IH Magnum 110 tractor (made in 2008) which was collateral for the loan LT000733 and two land plats which were collateral for the loan LT0000126. The total collateral value for this loan is 54 410 €, giving 61% 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.