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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.
LT0001823
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 222,793.00 € | 33,342.00 € |
| Net profit | 84,702.00 € | -786.00 € |
| Equity ratio | 27.32% | - |
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for a company MB Htech, that was established in 2022 to rent agricultural machinery.
The company uses tractors, drills and other implements. The company's model, that is in great demand today, is to help small farms to work the land with modern implements for the development of no-till farming.
The company was established on 2022-09-27 and the company already secured more than €222k during 2023-01 to 2023-09.
Karolis, the founder and shareholder of this company is a farmer who started farming in 2014 and grows cereal crops. He has made €193K and €104K in revenue in 2022 and 2021 respectively.
The company is asking HeavyFinance community for the loan for the purchase of a seed drill. This loan will be secured by 7 land plots as a collateral. The farmer and the company's director are also personal guarantors of this loan.
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.