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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.
LV0001051
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 9.38 ha | 9.38 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 108,301.00 € | 83,748.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
ZS "Oskars" was founded in 1994 by Oskars Kadegis, the sole founder, who has been a coastal fisherman for several generations. He worked as a captain on various fishing vessels in the Baltic Sea, gaining years of experience.
Now the main activity of ZS "Oskars" is coastal fishing. There are currently 4 fishing boats available for fishes such as Baltic salmon, range, cod, primer, and more.
To expand the business, a small processing plant was established in Jūrmalciem, "Dižkadeģi" in 2019 with the aim of diversifying and expanding economic activity. The processing plant ensures a full processing cycle from the first stop of the catch to the sale of finished products, while also allows the expansion of the product range.
The company's main vision is to diversify the business by developing fish processing in parallel with fishing. In order to further develop the business, it is planned to purchase several modular houses in order to process fish and increase the number of processed products accordingly.
With its first project on the HeavyFinance platform, the company now is aiming to borrow 15 000 € to increase working capital. The money raised will be used to cover the purchase part of the modular houses.
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.