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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.
LT0001303
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 66.58 ha | 65.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 99,554.87 € | 60,023.56 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
A farming entrepreneur who has been farming since 2004 runs a dairy farm in the Rokiškis district. Over the years, the project owner has expanded her farm to 50 dairy cows and 65 hectares of owned land. 90% of the land is used for meadows and cow pastures, while the remaining 10% is used to grow for potatoes.
The project owner is now borrowing € 3 700 for working capital. This is the farmer's second project on the HeavyFinance platform, with an active balance of € 7 374 on the existing loan LT0000551. Payments are made on time.
The farmer's declared land area is 66,58 ha, of which 65 ha are owned.
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.