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.

LT0001281

Goal
17,700 €
Raised
17,700 €
100%
Return rate
14%
Rating
B
Period
45
Time left
LTV
70%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxx
Xxxxxxxxxxėx xxxx. Xxxxxx xxx.
header_1 Declared Owned
Farming land17.76 ha5.00 ha
20212020
Revenue 21,857.00 € 25,492.00 €
Net profit 14,479.00 € 23,366.00 €
Equity ratio 69.5% -
Project description
Documents
Payment schedule
This project invites you to contribute to the development of a farm located in Marijampolė district.


The man started farming on his own 3 years ago and has been helping his parents on their farm throughout his childhood. He now grows wheat, oilseed rape, peas and beans on almost 18 hectares of land.

All the produce is sold to AB "Linas agro", UAB "Agrochema "and UAB "Eurokorma". Its own fleet of machinery consists of 2 tractors, a sprayer, a drill, a plough and 4 crop trailers.



The entrepreneur plans to increase the size of the farmland by renting out additional plots of land.

This is the farmer's second project on the Heavy Finance platform, with loan LT0001150, active balance EUR 11 000. Now, the entrepreneur is seeking to borrow EUR 17 700 to purchase machinery. The loan is secured by a mortgage on a New Holland tractor.


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.