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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.
PL0001245
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 58.00 ha | 38.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 30,641.00 € | 18,187.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer took over the farm from his parents in 2005. Since then he has been regularly developing and expanding it. Over the past 18 years he has expanded the farm from 20ha in ownership to 38ha in ownership and 20ha in leasehold, on which he now works.
The farmer independently grows 20ha of rapeseed and 38ha of wheat. He owns all the machinery he needs on the farm but is trying to upgrade to newer equipment this year. The farmer's focus at the moment is the continuing growth of the farm - right now he's in the process of finalising the purchase of another 2 ha of land. During the next 5 years he plans to expand his farm by another 15-20 ha.
At this point, he needs funds for the working capital.
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.