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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.
LV0001053
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 650.00 ha | 262.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 386,817.00 € | 437,354.00 € |
| Net profit | 162,924.00 € | 23,913.00 € |
| Equity ratio | 32.14% | - |
Documents
Payment schedule
With this project, we invite you to invest in the expansion of the agricultural company in Jēkabpils, Latvia. „Lejas Jērāni'' is cultivating and selling crops - cereals and rapeseed are growing on 650 ha of farmland, of which 262 ha are owned
At the moment, the company has sown winter wheat (200 ha), winter barley (120 ha), timothy (70 ha), red clover (25 ha), white clover (30 ha), red meadow fescue (90 ha), meadow fescue (25 ha).
The current company's technical fleet consists of three John Deere tractors, two Claas combine harvesters, a seeder, and a sprayer. The company also owns a grain dryer and towers to store crops.
Although the main activities of the company are crop and seed production (which in all seeds grown are certified). In winter, when it is a quiet period for agricultural activities, the company earns additional income by providing forest removal services, as well as providing seed cleaning services.
The HeavyFiannce investor community has already contributed to the technical fleet developments of the farm as the company has previously the loans LV0000252 and LV0000820. Their first loan has been fully repaid while the second one has an active balance of 88 000 €, all instalments have been executed on time.
As the farm develops all the time, this loan is needed for minor technical repairs of its machine and to cover the costs of seed cleaning services. The loan is backed by the pledge on a 23,4 ha of land.
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.