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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.
LT0001196
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 446.96 ha | 219.52 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 578,476.00 € | 436,056.00 € |
| Net profit | 291,096.00 € | 136,821.00 € |
| Equity ratio | 27.73% | - |
Documents
Payment schedule
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Since 2005, the farm in Skuodas District has been growing wheat, rapeseed, caraway and other crops. Today the farmer is cultivating a total area of 446,96 hectares, of which 219,52 hectares are owned by the farmer himself.
The farm is run by family members using machinery they own which consists of a combine harvester, several tractors and all the implements needed for working the land. The farmer is currently planning to switch to no-till farming which will result in a better yield in a long run.
In 2021, the farm has made almost € 580 thousand in revenue which increased by 32% from 2020.
Now the businessman is seeking for 15 000 € of working capital to cover daily farm operation expenses.
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.