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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.
PL0000929
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 80.00 ha | 26.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 54,480.00 € | 24,600.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This is the farmer's second loan with Heavy Finance. The owner of the project has been running his farm in Charzyno, Poland since 2015. He's using 80 ha of land - his own 26ha and rents 54ha.
Andrzej is a producer of potatoes, cereals, and rapeseed. He's also breeding dairy cows for sale and milk production, his farm supplies the local dairy company (Mleczarnia Gościno Sp. z o.o.).
He started breeding cows a year ago when he bought his first 14 cows.
The farmer uses such equipment as:
- potato harvester
- cereals harvester
- 3 tractors (80-125KW power)
- fertilizer seeder
- grain seeder
- sprayer
Last year the farmer rented an additional 15ha of land and invested in equipment. He bought two lorries and the Same tractor.
Now, he is looking to borrow the loan to increase the farm's working capital. The loan is backed by a pledge on a 2,03 ha of land.
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.