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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.
LT0001410
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 52.61 ha | 14.87 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 74,768.00 € | 50,246.00 € |
| Net profit | 35,504.00 € | 36,761.00 € |
| Equity ratio | 69.2% | - |
Documents
Payment schedule
The owner of the project, who has been farming in the Lazdijai district for 8 years, is mainly involved in livestock farming. The farm is a mixed - 20 dairy cows and 70 young cattle, as well as cereals. The project owner manages the farm together with his family members.
The project owner uses his own fleet of machinery for farm work: tractor, cultivator, plough, slurry carrier, trailers, hay mowers, balers and other smaller equipment. The farmer has previously received a couple of European Union grants to purchase them.
As of today, the project owner's declared land area is 52.61 ha, of which 14.87 ha are owned.
The project owner is already known by the HeavyFinance investor community as he has borrowed 25 560 € with the loan LT0000487 to purchase a tractor, currently the loan balance is 17 128 €, which he has been meeting all his obligations with timely manners
With this project, he is borrowing from the HeavyFinance investor community to increase the working capital.
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.