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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.
LT0001553
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 86.94 ha | 11.50 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 54,881.00 € | 21,947.00 € |
| Net profit | 19,905.00 € | 20,809.00 € |
| Equity ratio | 40.2% | - |
Documents
Payment schedule
Since 2006, the project owner has been taking care of a livestock farm in the Utena district.
Farmer has expanded his agricultural area to 86.94 ha of which 11.50 belongs to him. The most fertile areas are planted with cereals for cattle feed - this year wheat, barley and triticale - and are grazed by 53 beef and dairy cattle.
The project owner is now planning to buy equipment for the cattle and to expand the herd with a loan of €15 000.
The entrepreneur uses his own equipment for farm work: two tractors, a baler, a hay mower, a drill and a plough.
In the future, the farmer plans to increase the size of the farm by acquiring more land.
This is not the first loan for the client on the HF platform. Valid loan agreement LT0000348, loan granted EUR 10000, balance EUR 6706,62, this amount will be covered on a new basis.
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.