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.

LT0001691

Goal
15,000 €
Raised
15,000 €
100%
Return rate
13%
Rating
B
Period
13
Time left
LTV
-
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx Xxxxx
Xxxxxxxxxxxx x., Xxxxxxėx x.
header_1 Declared Owned
Farming land151.04 ha70.00 ha
20222021
Revenue 219,502.00 € 171,329.00 €
Net profit 64,356.00 € 51,829.00 €
Equity ratio 17.09% -
Project description
Documents
Payment schedule
The businessman has been running a family farm in Lithuania where he works 151 hectares of arable land. The farm grows spring triticale and winter triticale among other grain crops.

Farmer already has a combine harvester John Deere 9640 WTS, a tractor John Deere 7920 among other pieces of heavy equipment. 

The farmer owns 70 hectares of 151,04 ha land.

The farmer already covered three loans from HeavyFinance investor community, one of which (LT0000035) will be covered with the new 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.