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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.
LT0001242
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 47.01 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 55,825.00 € | 32,201.00 € |
| Net profit | 26,405.00 € | 19,506.00 € |
| Equity ratio | 59.04% | - |
Documents
Payment schedule
With this project, we invite you to contribute to the development of crop farming. The young farmer grows wheat and rapeseed on his farm in Šakiai district.
The land area under his management is 47.01 ha. The man farms together with his father, who declares 150 ha of land, of which he owns 30 ha. Together the family manages ~200 ha of land.
The entrepreneur uses a tractor and other small machinery in his everyday farm activities. The project owner is now seeking a loan of EUR 11 000 for working capital.
The farmer is already known to the HeavyFinance investor community, he has an active loan balance of EUR 2 851,47 (LT0000240) and makes payments on time. The entrepreneur has also already fully repaid his loan of EUR 8 000 (LT0000717) and investors have earned interest of EUR 1 560 from his projects.
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.