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.

LT0001170

Goal
16,500 €
Raised
16,500 €
100%
Return rate
21.68%
Rating
B+
Period
33
Time left
LTV
69%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxxxxx
Šxxxxėx xxxx. Xxėxų xxxxxxxxx., Žxxxxxxčxxx
header_1 Declared Owned
Farming land143.50 ha38.97 ha
20222021
Revenue 190,815.00 € 122,324.00 €
Net profit 79,082.00 € 7,949.00 €
Equity ratio 26.85% -
Project description
Documents
Payment schedule

This project gives the HeavyFinance investors' community the opportunity to invest into the development of a mixed farm in Lithuania.

The farmer has been farming on a mixed farm since 1995. Over the last years, he has expanded his agricultural land in the Šilutė district from 60 ha to 143.50 ha. He has about 39 ha of land in his own ownership and the rest is rented.


The farm currently cultivates crops such as wheat and barley, with 74 cattle. The entrepreneur is constantly looking for ways to expand his business and plans to buy more farmland and cattle in the future. The farm's current fleet of heavy machinery consists of three tractors, a combine harvester, trailers and other necessary implements.


In the 9-month period of 2022, the farm has already generated an income of EUR 190 815, which exceeds the income of EUR 122 324 in 2021. The farmer has two active loans on the HeavyFinance platform (LT0001001 and LT0001135) with a total amount of EUR 47100. He has also already repaid two loans in full. With this project, the entrepreneur seeks to borrow EUR 16 500 for the purchase of feed processing equipment. The loan is secured by a mortgage on machinery and 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.