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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.
LV0000946
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 68,865.00 € | 36,065.00 € |
| Net profit | 7,258.00 € | 3,179.00 € |
| Equity ratio | 64.98% | - |
Documents
Payment schedule
This project provides an opportunity to invest in the development of a Latvian sauce maker company who is passionate about bringing the best flavour from farm to table.
Taste of Latvia is a Latvian sauce maker company established in 2019. To find the best flavours, Ansis the owner of the company likes to experiment and develop new recipes to create new products. The sauces and condiments are made of only organic ingredients from Latvian farmers.
The company offers a wide range of products from BBQ sauce, hot sauce, pesto sauce to chili paste. The sauces can be bought online and directly in smaller farmers markets like Kalnciema kvartāla tirgus, Straupes Zirgu pasta tirgus and Siguldas "Mūsu Bio tirgus" and many more shopping centers across the country.
We recommend visiting their website to learn more about their products: https://www.tasteoflatvia.lv/
Now, the company is looking for external finance for working capital to cover the operational expenses.
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.