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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.
LV0001113
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 310.00 ha | 150.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 200,049.00 € | 211,663.00 € |
| Net profit | 43,540.00 € | 165,183.00 € |
| Equity ratio | 58.02% | - |
Documents
Payment schedule
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We invite you to contribute to the expansion of SIA EGLONA, a Latvian capital company that has been engaged in agriculture and forestry for almost three decades.
The range of the company's activities is diverse - rye, buckwheat, beans, oats are grown on the farm area. There they also graze 312 cattle on the farm's meadows, of which 150 are beef cattle, and 10 hectares of the area are covered by forest. The total farm territory covers 310 hectares, of which 150 hectares are owned by the company.
The company is fully equipped with the necessary technical fleet, which consists of two tractors, a wheeled and telescopic loader, a combine harvester, two grain transport trailers, hay processing equipment, and a trailer for wood transportation. The company also has two grain storage hangars for 1500 tons of grain storage.
Now SIA EGLONA is borrowing 73 500 EUR for working capital. In addition the loan is secured by a livestock mortgage.
Active loans balance is 169 171,26 EUR from the loans LV0000274 and LV0000761. The company provided tractors and other pieces of equipment as collateral for its previous loans, the total value of the collateral is 322 600 EUR
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.