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.

LT0001327

Goal
24,990 €
Raised
24,990 €
100%
Return rate
15%
Rating
B+
Period
35
Time left
LTV
70%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxxx Xxxxxxxxxx Xxxxxxx Xxxxxxxx
Xxxxxxėx xxxx., Xxxxšxėxų xxx., Xxxxų xx. 22
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 42,783.45 € 33,069.20 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The entrepreneur started his business 7 years ago and now provides services to both private individuals and companies.


Previously working in the field of environmental care, he now provides services such as land clearance, land levelling, grass planting and road construction.
He is equipped with an excavator, a lorry and a mini-loader to carry out the work. Most of the time, the man works alone, but occasionally hires additional workers.


For his first project on the Heavy Finance platform, the entrepreneur is seeking a loan of EUR 24 990. The money will be used to expand his existing fleet of machinery and to implement more projects.
The loan is secured by a pledge on the loader to be purchased and his own plot of land.

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.