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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.
LV0000791
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 350.00 ha | 150.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 103,196.00 € | 88,553.00 € |
| Net profit | 78,459.00 € | 69,058.00 € |
| Equity ratio | 58.22% | - |
Documents
Payment schedule
This project provides HeavyFinance investors an opportunity to invest in a Latvian beef cattle company located in Ogres district.
The company has been in operation since 1998, and now is managing the total area of 350 ha of which 150 ha is owned. The farm is runs by the owner herself together with her husband.
They are currently keeping 140 beef cattle. The farm's technical fleet consists of 2 tractors, one with a front loader, mower, baler, swather, plow, discs, seeder, and other small pieces of equipment.
Now the company is borrowing to buy a new tractor Claas Arion 460 to help improving the farm's productivity. The loan will be back by the new tractor itself and 26 ha of land owned by the company.
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.