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.

LT0001241

Goal
19,050 €
Raised
19,050 €
100%
Return rate
14%
Rating
B+
Period
37
Time left
LTV
70%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx
Xxūxxšxxų xxx., Xxxxxxxų xxxxxxxxx., Xxxėxų xxxx.
header_1 Declared Owned
Farming land37.73 ha6.00 ha
20212020
Revenue 19,866.32 € 16,570.36 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farm in Molėtai district was established a few years ago. Starting with 2.5 ha of rented land, the farmer now manages more than 37 ha of land.
As the land is not very fertile, the farm only breeds cattle. Currently, the farmer keeps 17 cattle, 12 of which are of the highest breed.

In the future, the farmer's plans are not only to increase the number of cattle, but also to extend the area of the farm to 50 ha.

With the first project on the Heavy Finance platform, the entrepreneur is seeking a loan of EUR 19 050 to purchase a second-hand tractor. The loan will be secured with the machinery purchased.

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.