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.

LT0003680

Goal
60,000 €
Raised
60,000 €
100%
Return rate
12.76%
Rating
C+
Period
60
Time left
LTV
66%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner
Address
Xxxxxxx Xxxxčxxx
Xxxxxxxxx, Xxxxxxx, Xxxxxxų
header_1
Declared
Owned
Farming land103.83 ha13.20 ha
20252024
Revenue 73,445.00 € 76,737.00 €
Net profit 12,178.00 € 7,098.00 €
Equity ratio 41.66% -
Project description
Documents
Payment schedule
An agricultural operation located in Migonys was established in 2006. The farm declares 103.83 hectares of agricultural land, of which 13.20 hectares are owned. The primary activities involve crop farming, supported by a combine harvester, indicating a focus on crop production.

The current loan request is for the purchase of a New Holland CX840 6 M combine harvester. 

Financially, the operation has demonstrated an increase in profitability from the previous to the current reporting period, with profit nearly doubling. The asset base has expanded, and equity has grown, indicating an improving financial position.

Considering the farm’s operational history since 2006, its established land base, and the specific purpose of the loan for equipment acquisition, this project represents an existing agricultural enterprise seeking to invest in operational assets.

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.