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.

LT0001283

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14%
Rating
A
Period
21
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxx
Xxxxxxxxxx xxxx., Xxxxxxxxx
header_1 Declared Owned
Farming land48.56 ha20.19 ha
20212020
Revenue 45,252.39 € 5,344.40 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
This project gives the "HeavyFinance" investor community the opportunity to invest in the development of crop farming in Lithuania.


The farmer manages a 48,56 ha farm in Kalvarija district, of which 20,19 ha is his own land. The farm produces wheat, barley, rapeseed and other crops.

The owner of the project is a single farmer. The farm's fleet of heavy machinery consists of tractors and other smaller equipment.

Farming is not the main source of income, in addition, the farmer also works as a labour contractor.


As the new season approaches the entrepreneur is willing to increase the working capital of the farm. For his first project on the platform, he is borrowing EUR 15 000 to repair existing machinery and buy fuel.

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.