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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.
LT0001162
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 536.72 ha | 30.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 535,589.00 € | 561,767.00 € |
| Net profit | 100,327.00 € | 7,600.00 € |
| Equity ratio | 20.26% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a Lithuanian capital company. Established eight years ago, Verslo Valstija UAB currently operates on about 540 ha of land and has created over 17 jobs for the region's population. The farm is intensively engaged in crop production, growing cereals such as wheat, rape and barley. Biofuel production and storage services are also provided, accounting for around 10% of the company's turnover.
Recently, the company has been focusing on modernising and upgrading its machinery fleet. The company's management is convinced that this is the key to success in order to harvest a higher tonnage of grain per hectare.
The company's machinery fleet consists of several different tractors, a combine harvester, a sowing machine, a cultivator, a telehandler and other equipment necessary for its operations.
According to Q3/2022 financial statements, the company has already made 535 589 in revenue and 100 327 € of profit.
This is not the first project the company has financed on the HeavyFinance platform. Using the funds raised on the HeavyFinance platform, the company has bought the necessary fertilisers and pesticides by the end of 2021. Given the rising prices of fertiliser these days, this has enabled the company to save over €150 000. In addition, the funds enabled the company to rent additionally 100 ha of land.
Verslo Valstija has fully covered 2 loans total amount 26.800 €. Also, they have covered part of the principal for the existing loans which leave a total active loan balance 602k € from 712k borrowed, with a total collateral value of 983 677 €. The HeavyFinance investor community has earned 104k € interest in total
Verslo Valstija is now borrowing to increase its working capital, the money will be mainly allocated to cover fuel costs.
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.