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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.
LV0001396
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 110.00 ha | 40.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 79,804.00 € | 36,547.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farm, which is mainly engaged in cattle and vegetable farming, currently manages 110 ha of land (of which 40 ha is owned).
Now the farm raises 25 dairy cows and 27 beef cattle. The farm is fully equipped with two tractors, a wrapper, discs, a mower, a hay wicket, a baler, a trailer, a cultivator, a plough, a planer and other implements.
This year, the owner plans to devote 22 ha of land to peas and oats, and 5 ha to beets and carrots. Another area of the farm will be used for grazing.
The aim of this project is to borrow EUR 8 000 from the Heavy Finance investors' community to purchase newer discs. To secure the loan, the farmer will pledge her own Pottinger SYNKRO NOVA 4030 drill as collateral.
The farmer has already fully repaid two loans (LV0000687;LV0000632) and also has two active loans with a total balance of 15 000 € which he has been making payments on time.
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.