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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.
LV0001256
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | |
|---|---|
| Revenue | 88,387.00 € |
| Net profit | 24,971.00 € |
| Equity ratio | 72.38% |
Documents
Payment schedule
SIA Baltijas Meži was registered as a company in March 2021, the main focus of the company are forest care and thinning services.
At the moment, the company does not own any forest land, but it is planned to acquire around 15 hectares of forest land in the near future. The company employs 5 employees on the payroll and also hires additional summer workers when needed. Besides, it currently has all tractors, trailers, and other machines to operate as well as to provide transportation services.
The company is seeking additional finance with the aim to cover fuel costs and also to acquire a semi-trailer.
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.