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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.
LT0001358
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 58.19 ha | 32.69 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 118,841.00 € | 92,792.00 € |
| Net profit | 18,621.00 € | 27,029.00 € |
| Equity ratio | 40.45% | - |
Documents
Payment schedule
The farmer inherited the farm from his grandparents. The farm has been in operation since 2012 and he currently declares 58.19 ha of land - 32.69 ha of his own land.
The farm has 30 beef cattle and also grows wheat and oilseed rape. He owns two tractors, a combine harvester, a trailer, a spreader, a drill, a sprayer and other implements.
This is the fourth HeavyFinance project, the loan agreements are LT0000746, LT00001199, LT0000701, with a total amount of EUR 155 200 and currently has an outstanding balance of EUR 132 051, All secured by collateral. The businessman has been meeting his obligations on time with zero delays.
The entrepreneur is currently borrowing an additional EUR 29 800 in order to purchase another tractor, which is much more powerful than the first one. The tractor to be purchased will be pledged as collateral and a personal guarantee will be provided.
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.