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.

LT0001717

Goal
35,000 €
Raised
35,000 €
100%
Return rate
From 11.6%
Rating
B+
Period
36
Time left
LTV
42%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
XX Xxūšxxxxxxų xxxxxx, Xęxxxxxx Xxxšxxxxxxx
Xxxxxxėx x. 3, Xxxxxxxšxxų x., Xxxxxų x. xxx.
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 202,140.00 € 214,962.00 €
Net profit 11,706.00 € 21,690.00 €
Equity ratio 37.73% -
Project description
Documents
Payment schedule
Grūšelionių sodyba was launched seven years ago in Prienai district, Lithuania. Originally, the company has been providing rural tourism activities like kayaking, sauna and hot tub. Later on the firm saw the opportunity to engage in territory management work.

With the growing volume of land management works, Grūšelionių sodyba increased its’ heavy equipment fleet and bought a Yanmar ViO80-1 excavator for €86,515 with the help of previous loan from HeavyFinance investor community. To acquire this heavy-duty vehicle, the company submitted the winning application for a project for “Economic and business development” supported by the local municipality. It provides the company with €48,311 for the purchase of equipment. The remaining required amount was covered with borrowed money from HeavyFinance investor community.

The company has already repaid more than 87% of their loan and all of their payments are on time.

The company successfully administers energy works in Prienai district. Having successfully started reconstruction of power lines with the existing equipment, it expects to further expand in this area too. For that reason the company is purchasing 2023 yr. Electrical lift SINOBOOM AB16EJ and is borrowing again from HeavyFinance investor community.

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.