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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.
LV0000902
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 51.00 ha | 33.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 36,850.00 € | 89,076.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of a mixed farm located in Rēzekne, Latvia.
The project owner manages over 50 ha of farmland, of which 33 ha are owned. On the farm, 2 heifers and 18 sheep are grazing. They also allocate part of the farmland for long-term seed cultivation.
The crop productions are partly used for animal feed within the farm, while the rest is for sale. The farm is well-equipped with all the necessary machinery.
In addition to the agriculture business, the company also engages in transportation services, threshing and excavator services. To date, the main source of income comes from these services. The revenue was highly affected by the low volume of transport services due to covid and lockdowns which resulted in a 59% decrease in 2021. However, the company expects to increase its farming revenue as they plan to increase the number of calves to 10. In addition, the company plans to increase its technical fleet to optimise the farm works.
To make it happen, the company is seeking to borrow a loan from the HeavyFinance investor community for a purchase of the excavator's pinch head, as well as to cover the purchase of fuel and other spare parts. The loan is backed by a pledge on the Claas Avero 160 combined harvester.
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.