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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.
LT0001408
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 142.52 ha | 5.87 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 99,727.00 € | 78,084.00 € |
| Net profit | 33,749.00 € | 54,617.00 € |
| Equity ratio | 45.8% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code Heavy1408 and get 2.00% cashback.
With this project, we invite you to invest in the expansion of a farm's technical fleet. A businessman who is started his farming business in 2005 develops a 142-hectare mixed farm in the Švenčionys district. Wheat, peas, oats are grown here. 33 beef cattle and 140 sheep also graze on the farmland.
The farm's current technical fleet consists of two tractors, a cultivator, a trailer for transporting cattle, two mowers, and other smaller machinery. The project owner is now borrowing 15 000 € to purchase new additional equipment for more efficient work.
Area of declared land: 142,52 hectares, from which about 6 hectares are owned by the project owner.
The project owner is known by the HeavyFinance investor community as he has borrowed 10 000 € with his loan LT000248. The businessman has been meeting his obligations on time with zero delays and currently has a total balance of 6 706 € which will be covered by the funds from this loan.
The remaining amount will be used for working capital for his farm.
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.