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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.
LT0001781
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 349.05 ha | 12.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 317,166.00 € | 165,682.00 € |
| Net profit | 59,710.00 € | 72,453.00 € |
| Equity ratio | 6.44% | - |
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for a farmer, who together with his wife controls >1000 ha. To reduce risks, one large farm has been transformed into one smaller farm, resulting in higher subsidies. The larger farm is owned by the farmer's wife, who manages >700 ha.
The farmer had young farmer status when he set up the farm and was attractive for EU investment.
The farm is growing steadily and this year a 50 ha land rental agreement was signed.
The farmer's contribution to the family farm is very important, as he has a good technical understanding and control of sowing, fertilising and cultivation, also he speaks excellent English, which has led to successful partnerships with suppliers from other countries, thus obtaining more favourable prices. The farmer participates in the C02 programme because the aim is to work sustainably.
The crops grown on the farm are oilseed rape, barley, wheat, triticale and clover.
The farm has agricultural equipment such as combine harvester, implements, grain storage.
This is the first farmer's loan on a HeavyFinance platform. He's asking HeavyFinance community for a loan to increase his working capital and to be able to keep the harvest in storage for longer period and to wait for better grain prices.
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.