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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.
PL0000738
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 60.00 ha | 60.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 642,883.00 € | 731,120.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The client has operated his own farm since 1998. He took it over from his parents then and expanded it from 17 hectares of land to 60, all owned by him.
The farm grows cereals - mainly wheat and oilseed rape - and pigs - currently about 2,900 head.
He manages the farm on his own with the help of one employee. The farmer owns, among other equipment, two agricultural tractors, a sprayer, a combine harvester, four agricultural trailers and a lot of side equipment necessary to run the farm.
The farmer wants to purchase a combine and import it from Germany. He wants to borrow 30% of the combine value, which he lacks to have it imported before the season starts.
It is the farmer's second loan from HeavyFinance, he has previously borrowed 91 766 € (PL0000563) for a purchase of a slurry tanker to improve the fertilization of his land. The payments are being made 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.