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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.
LT0001430
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 1.03 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 236,380.00 € | 31,960.00 € |
| Net profit | 62,457.00 € | 17,216.00 € |
| Equity ratio | 13.6% | - |
Documents
Payment schedule
Established in May 2021 in Panevėžys district, the enterprise is active in the production of dairy cows.
The farm has 145 cattle, of which 90 are dairy cows and 55 young cows. The company supplies milk to AB Rokiškio sūris, with which it has concluded a long-term cooperation agreement with fixed prices.
This is not a new activity for the manager and the shareholder of the company, who have been farming since 2003 on several large farms with a total family land area of 400 ha and a total number of 500 cows on the farms. The company declares only 1 ha of land, as the owners' farms undertake to supply the necessary amount of fodder from their own farms for the maintenance of their animals.
The company borrowed 61 200 € from the loan LT0000921 which three tractors have been purchased, the balance of the debt as of today is 51 252 €, the loan is being paid on time.
To date, the company has approached the HeavyFinance investor community for a loan to increase its working capital, which will be used to purchase forage harvesting elements, the loan is secured by a personal guarantee from the shareholder.
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.