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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.
PL0000912
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 13.39 ha | 13.39 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 163,661.00 € | 131,074.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Update: there's been a change in the rating to B+ as well an income for 2022 was added. The farmer sent her invoices for the current year. She has already made more income from January to July, than in the whole 2021.
This is the farmer’s sixth loan with HeavyFinance. The owner is very motivated to make 2022 their breakthrough year and that can already be seen in the income increase with every month. It definitely shows the rapid growth of her business.
The farmer inherited the farm where she worked for the past 15 years from her grandparents after she finished her agriculture degree. She is now the main person managing the farm, but her family continues to help her with the day-to-day operations.
This year her farm grew from 3,77 ha to 13,39 ha and she owns all of that land.
The farm specializes in cucumbers, courgettes, and lettuce. The farm recently received money from subsidies for its development.
The farmer wants to borrow 70% of the value of the sprayer, the rest will be paid from their pocket.
The farmer plans to buy a new sprayer for further developments of the farm. The purchased sprayer will be used as collateral for the loan. To make this loan more secure, the borrower's father Marcin Dąbrowski also provides personal surety.
Active loans balance: €211563
Active loan number: PL0000461, PL0000579, PL0000612, PL0000764, PL0000824
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.