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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.
LT0001940
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 25.81 ha | 7.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 51,657.00 € | 50,176.00 € |
| Net profit | 21,005.00 € | 20,880.00 € |
| Equity ratio | 62.34% | - |
Documents
Payment schedule
Project owner, who has been working in the agricultural sector since 2014, currently manages a 25.81 ha cereal farm in Prienai district, 7 hectares of land belongs to the farmer himself. He grows wheat, triticale, beans and peas. The farmer's mother also owns a farm nearby, and together they manage two farms totalling 270 ha.
The existing fleet of machinery is used on the two farms and consists of a combine harvester, a sprayer, three tractors and other necessary equipment.
This loan project aims to replenish the working capital of the farm and prepare for the season.
This is not the first project of this farmer on the HeavyFinance platform - he has previously borrowed EUR 43 500 for the purchase of a combine harvester, which has been fully paid off, and plans to use the new loan to cover the outstanding balance of the 2 loans on the HF platform, amounting to EUR 7 749,55
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.