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.

LT0001537

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14%
Rating
B
Period
29
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner
Address
Xxxxxx Xxxxx Xxxxxx
Xxšxxxxxxx xxxx, Xxxxxxxx x.
header_1
Declared
Owned
Farming land260.94 ha96.00 ha
20222021
Revenue 452,625.00 € 341,887.00 €
Net profit 42,613.00 € 65,741.00 €
Equity ratio 33.81% -
Project description
Documents
Payment schedule
The project owner started farming in 2002 in the Pakruojis district, Lithuania, where he owns 96 hectares of arable land and is renting 164,94  ha more. The businessman is growing rapeseed, wheat, and other crops.

He has been investing a lot in heavy equipment, therefore, the businessman owns a Claas combine harvester, John Deere, Claas, and Case tractors. A farmer bought a used SAM 4000 Vision self-propelled sprayer with the help of HeavyFinance investors. The farmer has one existing loan on the HeavyFinance platform with an active balance of 35 159.45 €. Moreover, he also fully repaid one loan. All payments on the previous loan have been made on time.

Now the farmer is borrowing to increase his working capital. 

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.