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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.
LT0001522
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 303.09 ha | 14.66 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 474,452.00 € | 288,378.00 € |
| Net profit | 13,224.00 € | 36,819.00 € |
| Equity ratio | 54.26% | - |
Documents
Payment schedule
The entrepreneur set up the farm in 2010 and has continuously invested in long-term leases of agricultural land and the acquisition of heavy machinery.
Some of the machinery was purchased under NMA projects. The farmer currently declares 303 ha of arable land and plans to expand by signing more long-term leases and acquiring surrounding areas.
The project owner, who grows oilseed rape, wheat, buckwheat and other crops, is increasingly adopting more sustainable agricultural practices. In addition to a combine harvester, a sprayer and other necessary equipment, the farmer already has a grain dryer and storage facilities. This allows him to store his harvest until the price of grain rises. The declared area of land is 303.09 ha, of which 14.66 ha is his own land.
The farmer has two loans on the HF platform. He makes the payments on time.
The farmer now wishes to borrow 70 000 EUR to purchase another tractor and a milling machine for abandoned fields, which will be provided as collateral and the project is also guaranteed by a state guarantee.
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.