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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.
LT0001556
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 79.87 ha | 2.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 61,142.00 € | 26,098.00 € |
| Net profit | 33,168.00 € | 14,815.00 € |
| Equity ratio | 76.12% | - |
Documents
Payment schedule
Immediately after his studies, project owner registered as a young farmer because he loved working on his mother's farm. He runs a mixed farm with 15 dairy cows and cereal crops.
Today he farms 79.87 ha, of which 12 ha are grassland and the rest is cereals. He works alone on the farm, with a John Deere tractor and all the tools he needs to cultivate the land - plough, harrow, drill, fertiliser spreader, sprayer and all the equipment he needs to prepare forage.
In the autumn he plans to buy about 6 ha of his own land, as all the declared land is rented, and at least a small combine harvester. For the summer and autumn work, the farmer wants to borrow 15 000 EUR from HeavyFinance investors. He currently has an existing HF loan with a balance of EUR 4020,73, which is paid on time.
This loan will be covered by a new loan.
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.