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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.
LT0001562
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 217.60 ha | 73.84 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 306,861.00 € | 167,324.00 € |
| Net profit | 63,995.00 € | 31,255.00 € |
| Equity ratio | 27.54% | - |
Documents
Payment schedule
The agribusinessman, who started his business nine years ago, currently farms more than 217 hectares of crops in the Rokiškis district. He grows wheat, barley, rapeseed and peas. He farms together with his wife, bringing the total area of the family farm to 250 hectares.
Declared land area: 217,60 ha, of which 73,84 ha belong to the project owner.
The entrepreneur uses a variety of his own equipment on the farm: a tractor, a combine harvester, a sprayer bought five years ago with National Payment Agency support, a spreader and a plough.
In the future, the project owner hopes to invest in a more powerful tractor and a grain storage silo, as he currently has to sell all his crops immediately after harvesting.
The entrepreneur has asked the HF community to lend him 15,000 € to expand the farm.
Currently, two loans are active on the HeavyFinance platform for an amount of 75 194.21 € which are being paid without reproach.
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.