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.

PL0000895

Goal
11,513 €
Raised
11,513 €
100%
Return rate
12%
Rating
B+
Period
36
Time left
LTV
54%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxxxxxx
Xxxxxxxx 12, 77-143 Xxxxxxxxxxx
header_1 Declared Owned
Farming land20.00 ha20.00 ha
20212020
Revenue 34,642.00 € 10,933.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer inherited a farm 32 years ago and now declares 20 hectares of arable land. The farmer works on the farm with his daughter (who will inherit this farm).

On the farm, there are grown: wheat (3ha) triticale (3ha), buckwheat (2.5ha), lupine (2ha), forest (6ha), and meadows (3.5ha). The farmer sells his products to the local recipients, mostly to the same buyer.
The farmer made a business plan for the next 5 years. He wants to buy machines for growing and mowing grass. In his neighbourhood, he has a lot of farmers who need his services for preparing the area for cow breeding.

The project owner already has 2 tractors (Zetor and Ursus) and other machines needed for his business.

This is the farmer's third loan from HeavyFinance, with this financing he'll buy more equipment.
Active loans balance: €30252
Active loan number: PL0000813, PL0000827


Revenue for 2021 consists of 12 423 € in subsidies.


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.