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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.
PL0000978
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 93.00 ha | 21.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 49,741.00 € | 28,860.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer independently established the farm in 2014. He works on the farm alone but hires two employees for seasonal help in the spring and fall.
Since 2014, his farm has grown to over 90 hectares of which he owns 21ha.
He grows 33ha of sunflower and 60ha of corn. The farmer mainly rents machinery for the season but owns a John Deere 6430 Premium tractor (2011).
The farmer's goal for the next 3-5 years is to expand his farm by a minimum of 30 hectares of rentals per year and thus expand his farm at a rapid pace.
For the past few years, many farmers from his area approached him to sell or lease him their land thanks to which he has pre-agreed leases to expand his farm to a total area of 150 hectares.
The project owner wants to borrow funds from HeavyFinance to prepare new land for cultivation and purchase fertilizer.
The revenue for 2021 consists of 27 919 € in subsidies.
The revenue for 2020 consists of 21 270 € 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.