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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.
LT0001504
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 56.18 ha | 25.75 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 109,467.00 € | 100,824.00 € |
| Net profit | 34,194.00 € | 43,751.00 € |
| Equity ratio | 64.99% | - |
Documents
Payment schedule
A young farmer has established his farm in 2015, when after graduation of university he decided to go back to farming.In a total managed area of 56.18 ha, where he owns almost half of it, the farmer grows wheat, oats, peas and meadows. Apart from cereals production, he also has around 90 cattle, some are milking cows.
The businessman farms together with his family and the total area of land is 250 hectares and shares their farming equipment which includes a tractor and other smaller pieces of machinery.
Next on the roadmap, the farmer plans to participate in European projects, and to increase his cattle numbers as well as opening a milk processing plant.
Now, he seeks to borrow 21 586 € from the HeavyFinance investor community to purchase seeder PNEUMATICBOX 600 and Disc harrow MANDAM GAL-C. To secure the loan, the farmer will pledge his combine harvester made in 2014 as collateral.
The HeavyFinance investor has previously contributed to the development of his farm through the loan LT0001463, the first instalment date has not yet arrived.
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.