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.

LT0001634

Goal
73,600 €
Raised
73,600 €
100%
Return rate
From 10.7%
Rating
A
Period
37
Time left
LTV
57%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxx
Xxxxxčxų x., Žxxxxxxų xxx., Xxžxxxxų x.
header_1 Declared Owned
Farming land79.25 ha32.00 ha
20222021
Revenue 183,500.00 € 100,927.00 €
Net profit 58,710.00 € 59,286.00 €
Equity ratio 54.61% -
Project description
Documents
Payment schedule
The farmer started his farming business in 2005 by himself. Now he has a farm with 79,25 hectares of land, of which 32 are his own. Summer wheat, winter wheat among other grain crops are grown with the help from family members during the harvest season.

He has 2 tractors, harvester, seeder and other smaller pieces of equipment. The farm uses no-till farming approach.

The farmer is now aiming to borrow 73 600 EUR from the HeavyFinance investor community to cover his previous loan LT0000027 and the remaining funds will be used to increase working capital. 

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.