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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.
LT0001353
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 112.65 ha | 23.80 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 261,507.00 € | 193,752.00 € |
| Net profit | 87,135.00 € | 58,689.00 € |
| Equity ratio | 22.33% | - |
Documents
Payment schedule
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As a young man, he started farming with the help of his parents and has been working in the field for 10 years.
He currently manages 112.65 hectares of land, of which 23.80 hectares are owned and the rest is rented. This year, 44% of the fields have been sown with rapeseed and 55% with wheat. The farmer sells the grain produced to UAB Skandagra, UAB Agrochema and UAB Agrokoncernas.
The farmer hires an additional worker for the harvesting season, but works alone throughout the year.
The farm owns two tractors, a telehandler, a sowing machine and other small machinery. The businessman plans to upgrade his worn-out implements and is seeking a loan of €15000 from the HeavyFinance investor community. We note that the farmer has already repaid one loan without delays
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.