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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.
PL0000830
Project owner | Address |
|---|---|
header_1 | Declared | Owned |
|---|---|---|
| Farming land | 37.90 ha | 9.90 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 54,690.00 € | 16,173.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This is the farmer's second loan with HeavyFinance. The farmer has been operating his farm for 6 years after inheriting it from his father.
He is currently in the process of growing his farm very rapidly (you can see his income increased in the invoices; in the first two months of 2022 he already earned about 46 300 €).
The farmer mainly focuses on raising pigs and additionally grows cereals. In the last two years, he has increased his livestock from 120 pigs to 560 pigs.
He has recently purchased a brand new sprayer, seeder, slurry tanker, and equipped the fattening house with a feed line and ventilation. The farmer is currently trying to develop and invest in the farm. He obtained a building permit for a new piggery with a 403m3 slurry tank.
The farmer needs funds for minor investments in his farm.
The farmer has one loan on the HeavyFinance platform (PL0000494), the active loan balance is 7 856 €
With this financing, we will fully repay his first loan, thanks to which mortgage on the land will be released so it can be used as collateral with the current project.
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.