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Agriculture loan
+State guarantee
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.
LT0001457
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 102.38 ha | 13.66 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 297,673.00 € | 247,399.00 € |
| Net profit | 247,305.00 € | 197,191.00 € |
| Equity ratio | 91.17% | - |
Documents
Payment schedule
Since 2006, a beef cattle breeding farm has been operating in the Alytus district, with 273 beef cattle of the breeds Sharole, Angus, Sementals, Limousins and others.
The farm is run entirely by family members and well-equipped with two tractors, a front-end loader, and hay processing equipment, forage trailers, etc.
The farmer approached the HeavyFinance community to purchase a hay baler which will be used as collateral to secure the loan.
Beside, the loan will also have an extra measure as an 40 % guarantee by the Agricultural Guarantee Fund (an individual guarantee provided by the governmental development institution, the Lithuanian Agricultural Credit Guarantee Fund).
The farmer has previously borrowed 25 000 € and the loan is now in the documentation process. The land area under management is 102,38 ha, of which 13,66 ha is owned.
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.