Create an account to make your first investment in only few steps!
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.
LV0000977
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 250.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 246,159.00 € | 241,596.00 € |
| Net profit | 10,376.00 € | 18,219.00 € |
| Equity ratio | 19.7% | - |
Documents
Payment schedule
The farm cultivated 230 ha of land in 2022. With the ambition to extend the farmland further, the company already expand its farmland to 250 ha for the 2023 season and already allocated 70 ha for winter rapeseed, 120 ha for winter wheat. While the remaining 60 ha will be sown with summer barley in Spring.
The company has all the necessary tillage equipment (discs, plow, hose), Vaderstadt 4m seeder, fertilizing (Amazone mineral fertilizer spreader) and spraying equipment, 2 tractors Valtra 191H and Case IH Magnum 310.
Now the company is seeking to increase the working capital, the loan will be used mainly to cover the costs of some machinery repairs and the purchase of spring seeds.
To secure the loan, the project owner provide her personal car as a collateral. In addition, she is providing a personal guarantee as an extra security measure.
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.