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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.
LT0001426
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 86.62 ha | 21.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 76,915.00 € | 65,153.00 € |
| Net profit | 47,603.00 € | 30,268.00 € |
| Equity ratio | 46.63% | - |
Documents
Payment schedule
The businessman established a farm in Zarasai district more than two decades ago and now has 600 sheep. He also grows oats, wheat and barley. Currently the businessman manage a total area of 86,62 hectares where he owns 21 hectares
To optimise work, the farm has three tractors, a combine harvester, a seeder, and other smaller instalments.
This is the farmer's third project with the aim of increasing his working capital, and so he seeks a loan from the HeavyFinance investor community. To secure the loan, the farmer will pledge 2,74 ha of his land as collateral.
The existing loan LT0000674 and LT0001320 has a total balance of € 20531 and all repayments are made on time. He has also fully repaid a previous loan LT0000971.
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.