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.
LT0003096
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 162.87 ha | 25.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 220,290.00 € | 242,044.00 € |
| Net profit | 56,254.00 € | 15,006.00 € |
| Equity ratio | 17.68% | - |
Insoil invites you to invest in a loan for an entrepreneur who operates an agricultural business in the Ukmergė district. The farmer declares 162.98 ha of land, of which 25 ha are owned. He cultivates spring and winter triticale, as well as other grains. The farm is equipped with a John Deere 9640 WTS combine harvester, a John Deere 7920 tractor, and other essential heavy machinery. This is the farmer’s eighth loan on the Insoil platform. He has already fully repaid four loans, and the active loans are being repaid on time. The farmer is now seeking a loan that will be used for working capital purposes.
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.