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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.
LT0001808
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 103.75 ha | 30.51 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 115,146.00 € | 80,196.00 € |
| Net profit | 92,084.00 € | -32,187.00 € |
| Equity ratio | 43.17% | - |
Documents
Payment schedule
Since 2014, farmer has been managing a farm in Alytus district, growing wheat, barley and rapeseed. Declared area of the farmland currently is 103.75 hectares of which 30.51 ha are owned. Farmer has plans to expand to 150 ha in the next couple of years.
The farm's machinery fleet currently consists of a tractor, a sowing machine and other tillage implements. The farmer uses modern no-till technology to cultivate his land.
Now project owner is seeking additional loan for land acquisition and has reached out to HeavyFinance for this purpose. He is asking HF investor community for a 21 000 EUR loan and will pledge 2 plots of land as collateral. There are already three active loans on the HF platform, which are being repaid without reproach. The farmer has fully settled the liabilities of 4 loans.
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.