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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.
PL0000661
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 7.00 ha | 7.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 16,805.00 € | 15,737.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The entrepreneur inherited the farm from his parents in 2002. The family business is focused on cultivating strawberries, cucumbers, corn and cherries.
The yield is mainly sold to wholesalers and grocery stores that are regular clients of the farm. The family sees the potential to grow the farm and therefore applied for EU funding to purchase a tiller and a cultivator.
The farm already has some needed machinery like a vegetable sprayer and a spreader, also, some smaller equipment.
Now, the entrepreneur seeks a loan from HeavyFinance investor community to purchase seeds and prepare for the summer.
Area of declared land: 7 ha of which 7 ha is owned
- Investing from 100 € - interest 13,00 %
- Investing from 500 € - interest 13,80 %
- Investing from 1 000 € - interest 14,50 %
- Investing from 2 000 € - interest 14,70 %
- Investing from 5 000 € - interest 15,00 %
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.