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.

LT0001431

Goal
42,350 €
Raised
42,350 €
100%
Return rate
From 11.6%
Rating
B+
Period
36
Time left
LTV
50%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxx
Xxxxxxų x., Šxxxxėx x.
header_1 Declared Owned
Dirbama žemė0.00 ha0.00 ha
20222021
Revenue 270,708.12 € 146,129.19 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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Vygandas Majus is a forester working under an individual activity certificate. He works close to a small town in Lithuania called Šilalė as a subcontractor to several firms winning public tenders for tree cutting.

Due to the increasing demand for his services, he is expecting to grow even further with his business during this year and so with this financing, Vygandas Majus is buying a 2007 forwarder Ponsse Buffalo which will also secure this loan.

The price of this heavy-duty vehicle is 84 700 € which gives a loan-to-value ratio of 50%.


Investors have earned 8.060,29 € interest from the entrepreneur's first loan so far.

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.