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.
LT0002958
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 74.19 ha | 25.88 ha |
2024 | 2023 | |
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Revenue | 43,660.00 € | 26,806.00 € |
Net profit | 22,885.00 € | 20,314.00 € |
Equity ratio | 84.39% | - |
A mixed farm established in 2020 in the Telšiai district combines 33 beef cattle with cereal crops such as barley, wheat, and peas. The farmer inherited the farm from his mother, which included 7 ha of land, two tractors, and essential equipment.
Since then, he has expanded operations by acquiring a Belarus tractor and a mini combine harvester. Currently, he declares 74.19 ha of land, of which 25.88 ha is privately owned.
He is applying for a loan to purchase small implements that will improve daily operations and efficiency. With consistent growth and ongoing investment into the farm, this is a a promising project worth supporting.
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.