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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.
LT0001883
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 287.44 ha | 82.17 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 635,684.00 € | 336,706.00 € |
| Net profit | 220,113.00 € | 60,694.00 € |
| Equity ratio | 13.53% | - |
Documents
Payment schedule
The entrepreneur, who has been farming since 2004, manages a crop farm of more than 280 hectares in Kaunas district. In total his declared farmland is 287,44 hectares of which he owns 82,17 ha. He currently sows oilseed rape and cereals on the farm, and this year he will expand the variety of crops he grows and dedicate part of his fields to pulses.
The entrepreneur, who is interested in agricultural innovation, farms his land in a no-till farming method, which saves energy and increases the humus content of the soil.
He currently uses two tractors, a combine harvester, a loader, a no-till drill, etc. on his farm.
The entrepreneur already has 6 loans on the HeavyFinance platform with a total current balance of EUR 359 947. Payments are made on time and four loans have been repaid early.
For this project, the farmer wants to borrow to refinance an existing loan and to borrow additional funds. The loan will be secured by a mortgage on the combine harvester at 50 % LTV.
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.