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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.
LT0001747
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 87.57 ha | 55.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 155,313.00 € | 149,740.00 € |
| Net profit | 58,261.00 € | 58,582.00 € |
| Equity ratio | 58.68% | - |
Documents
Payment schedule
This project owner is a farmer and entrepreneur for nine years. She currently keeps 60 dairy cows and 8 heifers on her farm. Part of the land is devoted to cereal crops - maize, wheat and barley.
The farmer owns 87.57 ha of land, of which 55 ha are owned.
The farm uses four tractors, a baler, a drill, a hay mower, a rake, a mower and a trailer. The project owner's husband also owns a separate farm, where he declares beef cattle and some arable land, bringing the total family holding to 200 ha.
The farmer has approached the HeavyFinance community for help to refinance her two existing loans on the HF platform, which will be secured by a mortgage on the tractor. She already has one loan of 70 686 EUR completely covered.
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.