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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.
LT0001905
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 189.06 ha | 117.02 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 272,545.00 € | 255,536.00 € |
| Net profit | 164,237.00 € | 92,364.00 € |
| Equity ratio | 40.39% | - |
Documents
Payment schedule
A mixed farm with 180 dairy cows and a declared area of more than 189 hectares of arable land is established in Šilutė district. Part of the land is used for grazing and part for growing cereals. Total area of farmland - 189,06 hectares of which 117,02 ha belongs to the farmer.
The farm's machinery fleet consists of three tractors, a telescopic handler, a baler and other harvesting equipment.
The farmer has two existing loans on the HeavyFinance platform: the first loan with a balance of EUR 3 470,55 and a disbursement of EUR 15 000, and the second loan with a balance of EUR 46 633,97 and a disbursement of EUR 56210, secured by collateral. In view of the fact that 2023 was a very difficult year for the dairy sector, the farmer has requested an additional loan to be used to repay existing 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.