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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.
LT0001337
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 79.01 ha | 25.25 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 106,407.00 € | 66,337.00 € |
| Net profit | 42,117.00 € | 27,529.00 € |
| Equity ratio | 32.81% | - |
Documents
Payment schedule
The project owner, who started farming in 2008, currently manages a 79-ha crop farm in the Raseiniai district, Lithuania. The farmer grows a variety of crops - oilseed rape, barley and wheat, which makes up the largest part of the farm. The project owner maintains the farm himself and calls it his hobby.
The farmer reports that he has all the equipment he needs to run the farm and has recently purchased a new tractor.
The HeavyFinance investor community has already contributed to his farm development via the loan LT0000545 for the purchase of a tractor-mounted seeder, the loan has been fully repaid in 2022 with a zero delay day.
He is now borrowing EUR 15 000 from the HeavyFinance investor community to prepare for spring sowing
The land area declared by the project owner is 79.01 ha, of which he owns 25.25 ha.
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.