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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.
LT0002955
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 281.64 ha | 100.54 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 720,195.00 € | 532,617.00 € |
| Net profit | 27,288.00 € | 12,766.00 € |
| Equity ratio | 75.67% | - |
Documents
Payment schedule
A farmer from the Šakiai district has been engaged in farming since 1996, developing a mixed-profile agricultural business that combines both crop and livestock production. The farm currently manages 281.12 hectares of land, of which 100.54 hectares are owned.
In crop production, the farmer grows organic rapeseed, hemp, wheat, and spelt. In livestock production, the farm raises beef cattle. Part of the harvested crops is used for feeding the cattle, while the rest is sold on the market, ensuring diversified farm income streams.
The farm is equipped with modern Western agricultural machinery. The core equipment includes John Deere tractors, Manitou loaders, Väderstad soil cultivation and seeding machinery, McHale forage preparation equipment, Joskin manure spreaders, and other necessary equipment that enables efficient operations without relying on external service providers.
The farm employs six full-time workers who ensure smooth daily operations and help complete seasonal tasks on time.
The loan funds will be used to cover working capital needs, including the purchase of raw materials, feed, and other essential resources for cattle feed preparation. For example, part of the financing will be allocated for silage cover film and other feed preparation-related expenses.
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.