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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.
LT0001199
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 59.19 ha | 32.69 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 118,841.00 € | 92,793.00 € |
| Net profit | 18,621.00 € | 27,029.00 € |
| Equity ratio | 42.5% | - |
Documents
Payment schedule
When investing, enter the bonus code radarom. HeavyFinance will add 1% to your investment and transfer it to the organisers of the Radarom campaign.
The entrepreneur inherited the farm from his grandparents. The farm has been in operation since 2012 and currently, the farmer declares 59.19 ha of which 32.69 ha is owned.
The farm has 30 beef cattle and also grows wheat and oilseed rape. It has two tractors, a combine harvester, a trailer, a spreader, a drill, a sprayer and other implements.
This is the farmer's third project on the HeavyFinance platform. The balance of the existing loan LT0000746 is EUR 16 555,22 and the balance of loan LT0000701 is EUR 30 496,46. All payments are made on time.
The entrepreneur is currently borrowing an additional EUR 85 000 to cover existing loans from other creditors and the remaining funds will be used for the development of the farm. The loan is secured by a mortgage on the land.
Radarom!
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Now our dear Ukrainians need multifunctional tactical radars. The objective of these radars is to watch over the airspace around strategically important Ukrainian objects as powerplants, water towers, etc. that help to ensure the usual life of ordinary Ukrainians during wartime.
You can support the initiative to buy tactical radars for Ukrainian fighters. HeavyFinance will add 1% to your investment amount and send it to the NGO’s organising this initiative.
More about the initiative: https://www.radarom.lrt.lt/en
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.