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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.
PL0000970
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 37.01 ha | 25.01 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 48,955.00 € | 49,439.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This is the farmer's 4th loan with HeavyFinance.
The farmer took over the farm from his parents in October 1996. Currently, he takes care of it together with his wife and son. He specializes in selling milk and has almost 40 dairy cows. Besides, he sells calves and grows wheat and potatoes.
He runs the farm on 40.5 hectares, 25.01 of which he owns. On the farm, he uses among others 3 tractors, several trailers, a potato harvester, a sowing machine, and a round baler.
He has a milk contract which stabilizes his income, he recently bought more dairy cows with the funds receive from the HeavyFinance investor community.
Now, he is seeking for additional funds to purchase a slurry tank value of €17 281 which will be registered as collateral for the loan together with 25 ha of land. He got a positive decision from the agency to refund him Vat tax from this purchase.
Active loans balance: €65 649 ( with PL0000696 amount of €22 884 - currently in documentation process)
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.