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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.
LT0001322
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 233.26 ha | 99.37 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 311,799.00 € | 274,827.00 € |
| Net profit | 146,627.00 € | 125,729.00 € |
| Equity ratio | 18.89% | - |
Documents
Payment schedule
A farmer started his agricultural business in 2010 with 20 hectares of arable land. Currently the businessman manages 233,26 ha of land, of which 99,37 ha is his own. The total area of the farm owned by the farmer and his wife is 300 ha. Now dairy cows, beef cattle, and grain are raised on a mixed organic farm.
The farmer has not only invested in the land but also the technical fleet, which consists of two tractors, a harvester, and other agricultural implements.
The farmer currently has three active loans on the Heavy Finance platform, one of which is already due for payment. Considering the difficult economic situation, which has led to an increase in the price of fuel, flour, fodder, labour, etc., the farmer is approaching the investment community to help him through this difficult period and to refinance his existing loans by extending their maturity for a longer period. To obtain this loan, the farmer pledges two tractors belonging to him, worth EUR 101 100.
Active loan number: LT0000673; LT0000304; LT0000289 Active loan balance: € 181 560,05.
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.