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.

LT0001308

Goal
20,000 €
Raised
20,000 €
100%
Return rate
12%
Rating
A
Period
32
Time left
LTV
65%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxšxėxxx
Xxxžų xxxx., Xxxxxxx xxxxxxxxx., Xxxxxxžxxx xxx.
header_1 Declared Owned
Farming land112.18 ha97.50 ha
20222021
Revenue 176,178.00 € 153,574.00 €
Net profit 81,507.00 € 40,400.00 €
Equity ratio 34.17% -
Project description
Documents
Payment schedule
The owner of the project, who has many years of experience, manages a 112-hectare crop farm in Birzai district. The farm currently produces rapeseed, barley and wheat, which accounts for the majority of production, and the harvest is mainly sold to the Linas Agro group. The farm used to be a mixed farm with dairy and beef cattle, but with the fall in farmgate prices, the farmer decided to focus on crop production. The owner of the project runs the business with the help of his family members. 


The farmer claims to be well equipped with the machinery needed to maintain the farm, which includes two tractors, a combine harvester, a sowing machine, trailers and other small implements.


With this project, the farmer is borrowing 20 000 € from the HeavyFinance investor community to prepare for spring sowing. The loan will be secured by a mortgage on a 10,0840 ha plot of land. 

The Entrepreneur currently has two active loans LT0000479 (balance 11 047,92 €) and LT0000765 (balance 23 439,64 €) all payments are made on time. 

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.