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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.
LT0001451
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 219.75 ha | 35.58 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 152,382.00 € | 93,007.00 € |
| Net profit | 44,962.00 € | 27,645.00 € |
| Equity ratio | 25.02% | - |
Documents
Payment schedule
With this project, we invite you to invest in the activities of a Lithuanian crop farm. The farmer, who is engaged in the agriculture sector since 2009, currently cultivates a farm of 219.75 hectares in Varėna district where he owns 35.58h hectares
The farm grows buckwheat, rye, oats, and wheat. The farm's technical fleet consists of a combine harvester, a tractor, a drill, and other necessary equipment.
This is the farmer's third project on the HeavyFinance platform. He has fully repaid the loan LT0000229 with a loan amount of 15 316,00 € and currently has one active loan with a balance of 8 039 € which he has been meeting all his obligations on time.
The entrepreneur is seeking a loan of 15 000 € to finance the initial down payment for the tractor and the remaining amount will be used to fully repay his existing loan on the HavyFinance platform.
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.