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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.
LT0002986
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 193.13 ha | 4.03 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 283,099.00 € | 234,393.00 € |
| Net profit | 106,217.00 € | 112,949.00 € |
| Equity ratio | 33.83% | - |
Documents
Payment schedule
The company was established 5 years ago in the Biržai district and operates as a fully organic farm. It uses 2 tractors, a combine harvester, 2 trucks, and other equipment suited for organic farming – a total of around 30 machinery units.
The company currently declares nearly 200 hectares of land, of which 4 hectares are owned. It grows cereal crops such as wheat, peas, oats, and buckwheat, applying crop rotation and cultivating cover crops.
The company will be guaranteed by its director, who is also a farmer. His personal farm was registered 18 years ago and is also fully organic. He declares over 210 hectares of land, 62 hectares of which are owned. Together, they manage more than 410 hectares, with almost 70 hectares of owned land. The combined machinery fleet includes approximately 60 units.
The funds will be used to pay in advance for a new combine harvester, which will be purchased with support from the NPA (National Paying Agency).
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.