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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.
LT0001566
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 275.38 ha | 110.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,013,948.00 € | 631,584.00 € |
| Net profit | 199,674.00 € | 135,496.00 € |
| Equity ratio | 39.72% | - |
Documents
Payment schedule
The borrower has been farming for 18 years and now successfully manages a 275.38 ha farm in Kelmė district, of which 110 ha belongs to him. The farmer not only sows cereals but also maize.
The farm's current fleet of heavy machinery consists of three tractors, a sowing machine, a cultivator, a plough and other equipment needed for harvest preparation.
In the past, the HeavyFinance community helped the farmer to purchase a set of mowers to be installed at the centre - the loan has been fully repaid. The farmer currently has one active loan with a balance of €3826.97, all payments are on time.
The project owner is now seeking to borrow EUR 15,000 for working capital, which will be used to upgrade the existing machinery and to cover the current 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.