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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.
PL0000659
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 40.00 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 68,160.00 € | 183,032.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer has been working on the farm since he inherited it from his father in 2002. The farm has 40 milk cows (Holstein-Friesian) and 40 calves.
The entrepreneur has been gradually expanding the farm by acquiring more land, better equipment and renovating farm buildings. He also grows some grain like corn and barley to produce forage for the cattle.
The farmer already has a Class tractor, Krone straw baler, Mustang loader and all needed instalments.
As the season is starting, now the businessman seeks to get a working capital loan to purchase fertilizer.
Area of declared land: 40ha of which 20ha is owned
The annual interest rate is 15%
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.