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.

LV0001524

Goal
48,254 €
Raised
0 €
0%
Return rate
From 11.4%
Rating
B
Period
29
Time left
LTV
83%
Country
Latvia
Loan purpose
Land purchase
Business information
Security measures
Loan history
Project owner Address
XXX Xxxxxx, Xxxxxx Xxxxxxx
Xēxxxxxxx xxx., Xxxxxxx xxx., "Xxxxx Xēxāxx", XX-5216,
header_1 Declared Owned
Farming land310.00 ha150.00 ha
20222021
Revenue 375,899.00 € 200,049.00 €
Net profit 139,201.00 € 43,540.00 €
Equity ratio 40.7% -
Project description
Documents
Payment schedule
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 150 cattle on the farm's meadows, 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 57 300 EUR. To secure the loan, the company will pledge a total of 16,38 ha of farmland as collateral.

Currently the company has 3 active loans on the HeavyFinance platform, the current active balance is 236 726.26 €. The HeavyFinance investor community has already earned 35 610 € in interest.

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.