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.

LT0001685

Goal
52,500 €
Raised
52,500 €
100%
Return rate
From 11.1%
Rating
B+
Period
37
Time left
LTV
84%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxxxxx
Xxxxxxxšxxx x., Xxxxūxų x.
header_1 Declared Owned
Farming land151.35 ha67.42 ha
20222021
Revenue 303,754.00 € 190,714.00 €
Net profit 132,264.00 € 59,284.00 €
Equity ratio 23.06% -
Project description
Documents
Payment schedule

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code heavy1685 and get 2.00% cashback.

The owner of the project, who has many years of experience, runs a crop farm in the Vilkaviškis district. Over the years, the farm has expanded to over 150 ha of arable land growing wheat, rapeseed and peas. As many as 80% of the farm uses no-till farming.

He carries out the maintenance work together with his family members, but during the harvest a helper is hired to transport the grain.

The project owner declares 151,35 ha of land, of which 67,42 ha are owned.

His machinery fleet consists of 3 John Deere tractors, a combine harvester and other smaller implements needed for farm maintenance. Next year the farmer plans to replace his combine harvester with a more efficient one.

The farmer is now borrowing € 52 500 from the HeavyFinance investor community for 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.