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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.
LV0001029
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 600.00 ha | 200.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 429,423.00 € | 440,604.00 € |
| Net profit | 198,583.00 € | 24,030.00 € |
| Equity ratio | 18.36% | - |
Documents
Payment schedule
SIA "ER Rasiņas" started its farming activities in 1995. With more than 27 years of experience, the company operates as a grain producer in the Saldus district.
Today, the total managed area is 600 hectares, and one-third of the managed area is owned by the company. The equipment park consists of all the necessary equipment: 2 tractors, a combine harvester, a seed drill, a sprayer, a spreader, discs, a plough, etc.
The company has been generating income exceeding 420 000 € in the past couple of years. Moreover, the company has already secured its income of 429 423 € during the 9 months of 2022.
Now, the company is borrowing 11 000 € with the aim to cover the advance payment to secure the next year's land rent.
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.