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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.
LV0000799
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 260.00 ha | 64.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 149,824.00 € | 131,592.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been engaging in farming activity since 2004. With over 18 years of experience, he now cultivates various crops and grows animals in the 260 ha of farmland located in Laucienes district, Latvia.
At the moment, 102 ha of wheat, 25 ha of rapeseed, 15 ha of alfalfa, 9 ha of corn, and 6 ha of barley are sown. Moreover, 20 ha of farmland is allocated for hay meadows while 30 ha is dedicated for pastures. The farm has 32 dairy cows, 16 bulls, and 13 heifers.
The farm is well-equipped with all necessary fleet: 3 tractors, a press, a swather, a sprayer, a mower, a fertilizer spreader, and other small pieces of equipment.
As continuous improvement is the key success factor for the farm, the project owner plans to replace the existing combine with a more powerful one. To achieve the goal, he is borrowing 14 000 € from the HeavyFinance investor community.
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.