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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.
LT0001161
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,071,003.00 € | 745,431.00 € |
| Net profit | 241,765.00 € | 299,083.00 € |
| Equity ratio | 23.53% | - |
Documents
Payment schedule
Established in 2020, UAB Nepiri specialises in the rental of quarry and road construction equipment. The company has participated in a National Paying Agency project to purchase equipment.
The company's management is negotiating long-term contracts with the largest quarries in Lithuania for the processing of quarry products thanks to the high demand. For this purpose, the company will purchase a Mobile classifying screening plants "Mobiscreens MS 702i EVO" for fossil processing.
The loan will be secured by a pledge of the purchased equipment which has a very high residual value as well as by guarantee from legal entity. Legal entity who provides a guarantee to secure the loan has extensive experience in road construction and bulk product processing with a strong financial position. In Q3/2022 guarantor generated over 1 million euros in revenue and secured a net profit of 242 thousand euros.
UAB Nepiri has generated 25 940 € and 21 861 € of revenue and (5 276) € and 2 420 € of net profit(loss) in 2021 and 2020 respectively.
It's important to note that this loan has been assessed on the basis of the financial statements of the guarantor, as the project owner UAB Nepiri has not yet been able to generate income due to the short period of operation and the absence of equipment.
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.