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.

LT0001202

Goal
20,000 €
Raised
20,000 €
100%
Return rate
13%
Rating
B
Period
33
Time left
LTV
64%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxžxx
Xxxxxxėxų xxxxxxxxx., Xxxxxėxxx xxxx.
header_1 Declared Owned
Farming land189.70 ha1.00 ha
20212020
Revenue 89,126.00 € 81,622.00 €
Net profit 4,372.00 € 46,040.00 €
Equity ratio 24.36% -
Project description
Documents
Payment schedule

Since 2012 a farmer has been cultivating a crop farm in Klaipėda district.


Spring and winter triticale, barley, wheat, rye, and peas are grown on the farm. The farmer's family is also actively engaged in farming activities. As the family manages the farm together, the total area of land is 360 ha, of which 21 ha are owned.

Currently, a tractor, a loader, combine and a slurry tanker are used in the farm's activities.

With this project on the Heavy Finance platform, a farmer aims to borrow € 20 000 for working capital, which he will use to prepare for the upcoming season. The collateral for the loan is a New Holland tractor and a Volvo truck. The project owner has recently borrowed 11 000 € with the loan LT0001200, which is currently under the documentation process.

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.