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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.

LT0001542

Goal

9,300 €

Raised

9,300 €

Return rate

15%

Rating

Period

Time left

LTV

29%

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxxxx Xxxxxxx Xxxxxšxx	Xxxxėx x., Šxxxėxų xxx., Xxxxėšxxxxų x.

header_1	Declared	Owned
Farming land	10.72 ha	10.72 ha

	2022	2021
Revenue	18,875.31 €	12,965.70 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

The agri-businessman, who has been running his livestock farm for fifteen years, is currently looking for additional funding. He has a cattle farm, some of which are dairy cows, and the rest - beef cattle.

Area of declared land: 10,72 hectares owned by the project owner.

The farmer does not have his heavy equipment, therefore he borrows from a neighbour when it is necessary. "I maintain friendly relations with neighbouring farms, therefore when some of us need help, we can rely on the neighbours." claims the farmer.

Now owner of this project is asking for HeavyFinance community for a 9 300 EUR to cover his previous loan (LT0000314) and 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.