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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.
PL0001274
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 20.00 ha | 13.50 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 185,737.00 € | 88,733.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer took over the farm from his parents in 1985. Since then he has managed to expand the farm from 8ha to 20ha of which he owns 13,5ha. He runs the farm together with his wife and they are mainly involved in pig breeding - they currently rear around 1,200 head per year.
10% of the feed is made by the farmer, the remaining 90% is purchased. At the moment, the farmer breeds Danish pigs - he has 3 fattening houses. One fattening house is fully automated and maintenance-free and consists of feedlots, fans and a feed bin. The other 2 are semi-automatic and include automatic feed bins. Additional 400 fattening pigs would increase revenue by around 85 000 €.
His arable crop consists of 1,39ha of winter wheat, 3,02ha of peas, 7,38ha of lupins, 5,24ha of maize, 0,63ha of cereal/pea mixture, and 0,75ha of spring barley.
On the farm he uses machinery such as:
- MASSEY FERGUSON tractor 1997
- MASSEY FERGUSON tractor 1991
- AMAZONE cultivating and sowing agger 1991
- NIEMAYER 4-furrow rotary plough 2020
- PILMET sprayer 1997
The project owner has already loans from HeavyFinance which have been repaid on time.
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.