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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.
LT0001253
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 43.39 ha | 21.74 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 38,120.00 € | 22,392.00 € |
| Net profit | 30,607.00 € | 16,137.00 € |
| Equity ratio | 64.11% | - |
Documents
Payment schedule
This project gives the HeavyFinance investors' community the opportunity to invest in the development of a mixed farm in Lithuania.
The farmer owns a 43,39 ha farm in Kalvarija district, of which 21,74 ha is his own land. The farm breeds dairy cattle and sows wheat and rapeseed on the most fertile areas of the farm. The project owner is actively contributing to the development of her family farm. The total area of the family agricultural land is almost 150 ha.
As the new season is about to start, the entrepreneur is trying to increase the working capital of the farm by borrowing EUR 27 000 from the HeavyFinance community. The funds will be used to purchase the equipment needed for efficient farming operations. The farm's current fleet of heavy machinery consists of a two tractors and a telehandler. The telehandler JCB 531-70 manufactured in 2014, will be pledged as collateral for the working capital loan.
The entrepreneur is constantly looking for possibilities to further expand the farm. Together with his wife, he plans to submit agricultural development projects to the National Paying Agency in order to obtain funding for the development of the farm.
The farmer has an active loan LT0000083 with a balance of EUR 7 517,11.
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.