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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.
PL0001273
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 132.00 ha | 2.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 148,108.00 € | 139,669.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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The farmer has been running the farm since 2001, when he took it over from his parents. He took over a 2ha farm, which he has since managed to expand with 130ha of tenancies. He farms independently with his wife and seasonally employs workers to help on the farm.
He is involved in fattening cattle and arable farming. He currently has about 200 cattle and grows 15ha of sugar beet, 50ha of maize, 15ha of silage maize, 3ha of wheat, 7ha of barley, 10ha of rye, 10ha of triticale, 2ha of onions, 2ha of potatoes, 5ha of oats.
On the farm he uses machinery such as:
- DEUTZ-FAHR tractor 1999
- VALTRA front loader tractor 2014
- URSUS tractor 1970
- URSUS tractor 1970
- BIZON combine 1985
- SIPMA press 2010
- AGROMET potato harvester 1990
- SKJOLD 2000 rotary plough
- BECKER 2000 maize drill
- AGRO TOM 2021 cereal seed drill
- AGRO TOM 2021 fertiliser spreader
- AGRO TOM no-till unit 2021
- ROLMAKO disc harrow 2020
This is his 2nd loan - the first one was a green loan which is processing. The farmer is looking for additional finance to increase his working capital. To secure the loan, the pledge on the 2,01 ha of agriculture land (with buildings) will be registered. Please note the same asset was pledged for his first loan PL0001272 on the platform.
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.