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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.
LT0001725
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 162.50 ha | 92.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 254,120.00 € | 204,259.00 € |
| Net profit | 30,926.00 € | 33,399.00 € |
| Equity ratio | 33.47% | - |
Documents
Payment schedule
The farm was established in 2000 in the Rokiškis district and has been involved in livestock farming ever since. Today, the organic farm has 80 dairy cows and 20 Angus beef cattle.
She currently farms 162,5 ha of land, of which she owns 92 ha.
The family farm has an annual income of more than EUR 200 000. The farm has all the necessary equipment to prepare the feed - tractors, feed preparation equipment, etc.
This is the farmer's third project on the HeavyFinance platform and the first loan of EUR 16 000 was repaid on time. The aim of this project is to increase the working capital and purchase a couple of small plots of land.
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.