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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.
PL0001058
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 20.37 ha | 20.37 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 4,056,930.00 € | 3,645,099.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The project owner inherited the farm (5ha) in 1980 and since then increased it to 20,37 hectares. He manages the farm with the help of workers from his other company.
The main business is the cultivation of wheat and rape. The farmer always uses certified seeds from one supplier, this supplier also collects the crops from him (PNZ WÓJCIK SP. J.).
The following machinery is used on the farm:
- Class Medion combine
- John Deere tractor (2015)
- Trailer 7,5t
- Sprayer EKQARD (2010)
- 4-plow rotary plough
- Disc harrow
- Cultivating and sowing unit
- Fertilizer planter
- Combination for no-till cultivation
The farmer also has a logistic company and gas station, which are currently very profitable and helps raise the income.
The previous loans from HeavyFinance are allowing the farmer to construct a hall for servicing existing equipment and agricultural products.
The farmer is growing his business rapidly hence the cooperation with HeavyFinance - this is his 5th loan which will help with buying second MAN TGX 18.440 lorry for providing service in crop transport.
The loan will be backed by machines.
NOTE: There is a mistake in valuation - the EVARD sprayer production year is 2002, not 1996 as stated in the valuation.
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.