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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.
PL0000839
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 37.90 ha | 9.90 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 53,791.00 € | 15,907.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This is the farmer's third 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, the farm has already received 46 300 € of income during the first 2 months of 2022.
He 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, a slurry tanker, and equipped the fattening house with a feed line and ventilation.
The ambitious farmer plans to develop his farm with many improvements, he has already obtained a building permit for a new piggery with a 403m3 slurry tank.
The project owner is planning to early repay his first loan on the HeavyFinance platform, the last payment is expected to be done by the end of September.
The farmer is now borrowing 23 733 € for working capital. The funds are needed for minor investments on his farm.
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.