Create an account to make your first investment in only few steps!
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.
LT0001471
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 233.11 ha | 137.22 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 106,646.00 € | 155,057.00 € |
| Net profit | 59,293.00 € | 79,767.00 € |
| Equity ratio | 81.23% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a rapidly growing farm.
The farmer started his farming activities in 2002. Currently, he has around 100 cattle. Also farmer grows wheats and meadows. The farmer transports and sells his crops to the UAB Agrokoncernas, and cattle are sold to UAB Biovela-Utenos mėsa. Farmer has all necessary equipment for farming.
Although the farm is only in its third year of operation, the businessman plans to expand the number of cows and acquire more land over the next three years.
Farmer with this project is buying a new harvester because farm land has increased significantly. The loan will be secured by a pledge on a combine harvester to be purchased from this loan, resulting in 74% LTV.
Beside, the loan will also have an extra measure as an 80 % guarantee by the Agricultural Guarantee Fund (an individual guarantee provided by the governmental development institution, the Lithuanian Agricultural Credit Guarantee Fund).
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.