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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.
LT0001429
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 303.09 ha | 14.66 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 474,452.00 € | 288,378.00 € |
| Net profit | 13,224.00 € | 36,819.00 € |
| Equity ratio | 62.81% | - |
Documents
Payment schedule
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The entrepreneur set up the farm in 2010 and has been continuously investing in long-term renting of farmland and the acquisition of heavy machinery. Some of the equipment was both using governmental financing schemes.
The farmer now declares 303.09 hectares of arable land and plans to expand both by signing more long-term leases and by acquiring surrounding areas. At this moment, 14.66 hectares of the declared land belongs to the farmer himself.
The owner of the project, who grows rapeseed, wheat, buckwheat and other crops, is increasingly turning towards more sustainable means of agriculture.
In addition to a combine harvester, a sprayer and other necessary equipment, the farmer already has a grain dryer and storage facilities. This allows him to store his harvest until the price of grain rises.
Now he is borrowing 15 000 € to prepare for the upcoming season as well as refinance his previous loan on the HeavyFinance platform.
This is the farmer's third project on the HeavyFinance platform: his first loan LT0000541 with a balance of EUR 27685, secured by a mortgage on a Rostselmash Vector 420 combine harvester, and the second loan LT0000610 with a balance of EUR 7 532,67, which will be covered by the new one. He has been meeting his obligations with timely manner.
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.