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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.
LT0001311
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 280.44 ha | 82.17 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 635,684.00 € | 336,706.00 € |
| Net profit | 220,113.00 € | 60,694.00 € |
| Equity ratio | 13.87% | - |
Documents
Payment schedule
The entrepreneur, who has been farming since 2004, owns a crop farm of more than 280 hectares in Kaunas district.
He currently sows oilseed rape and cereals on the farm, and this year he will expand the variety of crops he grows and dedicate part of his fields to legumes. The entrepreneur now uses two tractors, a combine harvester and a loader in his farm.
The trend-following entrepreneur mentions that he is considering switching from conventional farming to no-till farming, as this method of farming saves energy resources and increases the quality of soil.
The entrepreneur has active 3 loans (LT00004941, LT0000732, LT0000408) on the HeavyFinance platform, with a total current balance of EUR 216 446,19. All payments are being made with a timely manner, no delays reported and two loans were repaid early. With this project, the farmer aims to borrow EUR 27 800 to purchase 5 plots of land (6,36 ha). The loan is secured by a mortgage on all the land purchased.
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.