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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.
LT0001549
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 122.99 ha | 19.03 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 54,737.00 € | 164,287.00 € |
| Net profit | 16,432.00 € | -67,306.00 € |
| Equity ratio | - | - |
Documents
Payment schedule
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UAB "Ekoangus" is engaged in breeding and rearing of Angus cattle in Mažeikiai district. The farm currently has 165 beef cattle and the most fertile areas of the farm are used for feed production.
The total area of land under management is 122,99 ha and 19,03 ha are owned The company's aim is to increase the number of cattle kept. The company expects its revenues and profits to grow and provide more opportunities for expansion. In the future, Ekoangus UAB plans to purchase more beef cattle, lease more land and build additional buildings for cattle. The year 2022 was a difficult one for the company, as diseases destroyed breeding cattle, resulting in a significant loss, which was only compensated by insurance this year.
In 2023, the company plans to achieve sales revenues of EUR 200 000.
The company has two loans on the HeavyFinance platform: Loan LT0000219, balance EUR 40190.46 (EUR 60,000 granted), repayment due on 4/12/2023 Loan LT0000085, balance EUR 17807,17 (granted EUR 53000), to be repaid on a new basis.
The collateral for the loan will be a CASE IH Farmall 150U tractor with a front loader and a CASE IH Farmall 115A tractor with a front loader. UAB "Hantera" surety and shareholder's personal surety will also be submitted.
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.