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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.
LT0001167
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 91.25 ha | 25.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 110,043.00 € | 97,254.00 € |
| Net profit | 34,162.00 € | 35,041.00 € |
| Equity ratio | 47.57% | - |
Documents
Payment schedule
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This project provides the HeavyFinance investor community with an opportunity to invest in the equipment loan for a farm, which is based in Mažeikiai district, Lithuania.
The businessman started farming seven years ago and now declares more than 90 hectares of arable land, 25 hectares of which he currently owns. On a mixed farm, the businessman grows more than 20 animals, various plants too.
The project owner already has a tractor and several more heavy-duty vehicles needed on a farm. Furthermore, he is sharing some vehicles with his father, who owns a bigger farm than his son.
However, to prepare for a new farming season and to increase the efficiency of the farm, the businessman decided to purchase the Seeder Vaderstad and wants to borrow - EUR 39 600. This is the farmer's second project on the platform with an existing loan LT0000088 balance of EUR 13 693. This loan will be secured by a mortgage on the machinery to be purchased and the land.
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.