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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.
LT0001880
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 20.37 ha | 8.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 55,673.00 € | 34,720.86 € |
| Net profit | 23,981.00 € | - |
| Equity ratio | 15.62% | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code heavy1880 and get 2.00% cashback.
The entrepreneur, who started farming seven years ago, is currently developing a ~20 ha crop farm in Šakiai district of which. He grows wheat, oilseed rape and beans on rented land and plans to grow sugar beet. Total declared area of farmland is 20,37 hectares of which 8 ha is owned.
The farm's machinery fleet consists of a tractor, a combine harvester, a trailer and other agricultural machinery. The farmer employs one person.
The farmer has applied to HeavyFinance for a loan to expand the farm and plans to buy the land he currently rents. This is not the first farmer's loan on HF platform. He has active loan LT0001370 with a balance of EUR 32000 and is making payments on time.
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.