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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.
LT0001581
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 211.10 ha | 28.49 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 534,394.00 € | 376,131.00 € |
| Net profit | 96,957.00 € | 78,239.00 € |
| Equity ratio | 58.66% | - |
Documents
Payment schedule
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The farm was established in 1996 and now declares more than 211 hectares of land, of which 28.49 hectares are owned. The area under management is planned to increase to 250 ha by 2028.
The main activity of the enterprise is dairy farming. The entrepreneur keeps 167 dairy cattle and 38 beef cattle. In addition, he grows crops for fodder production. The main crops on the farm are wheat, barley and oats. Almost all of this crop production is consumed on the farm and the rest is sold to neighbouring farmers.
The farm sells its produce at market prices, so the main means of competition is to improve the efficiency of the farm by investing in new equipment, which is why it has now applied for a loan from the HF community to purchase additional equipment.
The farm already has one loan on the HF platform and pays in timely manner.
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.