Create an account to make your first investment in only few steps!
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.
LT0001514
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 73.20 ha | 31.62 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 167,664.00 € | 132,882.00 € |
| Net profit | 42,211.00 € | 49,276.00 € |
| Equity ratio | 28.02% | - |
Documents
Payment schedule
He has been a mixed farmer for almost two decades. Although he started out as a crop farmer, he expanded his farming activities a decade ago with the purchase of several cattle.
He now owns a mixed farm of 73.2 hectares in the Biržai district. He owns almost half of the agricultural land - 31.62 ha. He currently grows oilseed rape, winter wheat, barley, oats and cattle. Of the 28 cattle on the farm, 12 are dairy cows. The rest are beef cattle and heifers.
The farm's current fleet of heavy machinery consists of several tractors, a sowing machine, a loader, a combine harvester and a dump truck with a manipulator. In order to improve the efficiency of the farm, the entrepreneur borrows EUR 22 000 from the HeavyFinance investor community. The money will be used to rent a more powerful forklift.
The farmer is already known to the HeavyFinance investor community as he has previously obtained a loan for the purchase of livestock and renovation of the roof of the barn, LT0000053 (EUR 16500, repaid early), which is currently in force, LT0000998, with an outstanding balance of EUR 14300, and which will be covered by the new loan.
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.