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.

LT0001255

Goal
23,800 €
Raised
23,800 €
100%
Return rate
From 11.5%
Rating
B
Period
33
Time left
LTV
70%
Country
Lithuania
Loan purpose
Land purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxx Xxxšxxxxxx
Xxxxxxxšxxx xxxx., Xxxxxxų xxxxxxxxx., Xxxxxxxxx
header_1 Declared Owned
Farming land57.25 ha15.97 ha
20222021
Revenue 132,285.00 € 73,808.00 €
Net profit 1,112.00 € 583.00 €
Equity ratio -8.05% -
Project description
Documents
Payment schedule
With this project, HeavyFinance invites you to contribute to a farm run by an entrepreneur with years of experience in farming.



The owner of the project has been farming for more than two decades and currently owns 57 hectares of land in the Vilkaviskis district, where he grows wheat, rapeseed and triticale.

The farmer has all the necessary equipment to prepare the fields and harvest the crops, including tractors, sprayers and drills.



This is not the farmer's first loan on the platform. The project owner has two active loans (LT0000381, LT0001146) with a total outstanding balance of EUR 5 1011,85 and timely payments. The entrepreneur is now looking for a new loan to purchase 2,59 ha of rented land. The loan will be secured by a mortgage on 3,63 ha of land plot owned by the farmer.

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.