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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.
LT0001976
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 160.22 ha | 29.86 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 257,853.00 € | 224,899.00 € |
| Net profit | 72,645.00 € | 8,570.00 € |
| Equity ratio | 1.79% | - |
Documents
Payment schedule
In 2013, a crop farm was established in Ukmergė district, growing cereals such as oats, wheat, buckwheat, peas and other grains. Cultivated land plot is 160,22 hectares of which 29,86 ha are owned.
The farm's fleet consists of two tractors, a combine harvester and other tillage equipment: harrows, a sowing machine, a fertiliser spreader, a sprayer, a trailer for transporting cereals, etc. The farmer cultivates with no-till farming method.
The farmer has a loan on the HeavyFinance platform, which he has been paying without complaint, but last year hail and heavy rains destroyed 50 % of the harvest, so the farmer was faced with a shortage of working capital for this year, and applied for a loan to prepare for the season.
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.