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.

LT0001780

Goal
5,900 €
Raised
5,900 €
100%
Return rate
13.5%
Rating
A
Period
23
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
XXX Xxxxxx, Xxxxxxxxxx Xxxxxxxxxxx
Xxxxxėx xx. 81-42, XX-06124 Xxxxxxx
header_1 Declared Owned
Farming land0.00 ha0.00 ha
20222021
Revenue 131,076.00 € 112,200.00 €
Net profit 62,800.00 € 59,893.00 €
Equity ratio 72.42% -
Project description
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for UAB Vizavi that is owned by a businesswoman, who has many development plans. Currently a businesswoman owns 3 hectares of meadows. The whole territory is intended for haymaking, the hay is sold to surrounding farms.

The farmer is planning not only to upgrade the equipment - the woman also has unfinished three rural tourism cottages, which should be prepared for rent in the near future. Once the installation work is completed, the rented tourist homesteads will generate additional income.

Aside from agricultural activities, the woman has owned a beauty salon since 2008.

This is not farmer's first loan on a HeavyFinance platform, payments are made in a timely manner. Now the farmer is seeking for a loan to increase her 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.