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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.
LV0001830
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 1050.00 ha | 450.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,381,224.00 € | 1,064,999.00 € |
| Net profit | 8,573.00 € | 5,793.00 € |
| Equity ratio | 6.1% | - |
Documents
Payment schedule
The Latvian agricultural company Ceļmalas, founded more than two decades ago. The company, which manages more than 1,000 hectares, specializes in cultivating winter and summer crops, mainly wheat and rapeseed. Over the years the company has expanded its technical fleet and now seven tractors, a combine harvester, and other smaller machinery are currently used on the farm.
Area of declared land: 1.050 hectares, from which 450 hectares are owned by the project owner
The HeavyFinance investor community has already made contributions to the farm on the loans LV000305 and LV0001224. Today, the active loan balance is 51 863 €.
The company is borrowing 41 000 € to fully cover the existing loan LV0000305.
To secure the loan, the pledge on two tractors will be registered.
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.