Create an account to make your first investment in only few steps!
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.
LT0001394
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 417.46 ha | 199.49 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 649,131.00 € | 546,557.00 € |
| Net profit | 81,070.00 € | 141,452.00 € |
| Equity ratio | 38.2% | - |
Documents
Payment schedule
This loan is aimed to support a regenerative farm declaring 417 hectares of arable land. Established in 2005 in Šiauliai district (Lithuania), the farm has been growing wheat, barley, rape, and other crops.
Over the last 17 years in operations, the farm owner has been expanding his farm territory and today he cultivates a total area of 417,46 hectares, of which 199,49 hectares are owned.
The machinery fleet consists of two tractors, a combine harvester, a sewing machine, a grain transport trailer, and other machinery. The farmer uses the most modern technologies for cultivation, one of which is the practice of No-till farming.
With this loan, the businessman is seeking to borrow money to cover his existing liabilities to fuel and fertilizer suppliers. To secure the loan, the businessman is pledging a tractor Fendt Vario 828 (made in 2016) as a collateral.
This is a second loan on the HeavyFinance platform, he previously borrowed 150 000 € with his Green loan LT0001238 to purchase a brand new Massey Ferguson MF8S.285 tractor.
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.