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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.
PL0001300
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 80.00 ha | 63.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 120,694.00 € | 51,206.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been given the farm in 2011 by his father. In his first year, he cultivated 20ha. Currently, his farm has an area of 80ha of which 63ha is land in his possession. This is an increase of 20ha, compared to the previous year.
What's more, this is his third loan with HeavyFinance and thanks to the previous two he was able to buy new machinery.
The farmer's main income is crop production with the current sowing structure: 30ha of wheat, 20ha of rape, 17ha of maize and 13ha of triticale.
On the farm, there's been used such machinery as:
- NEW HOLLAND T7.210 tractor (2013)
- JOHN DEERE W540 combine (2016)
- ZETOR tractor (2002)
For mixed tillage (no-till, ploughing):
- KVERNELAND plough (2009)
- UNIA disc machine (2014)
- UNIA PLUS 2521 sprayer (2022) (financed thanks to HeavyFinance loan)
- AMAZONE AD 300 Super seed drill (2022) (financed thanks to HeavyFinance loan)
In the near future, the farmer will switch entirely to no-till farming because he wants to have higher subsidies from new European Union programs and participate in the HeavyFinance carbon program. Next year, the farmer plans to lease 30ha from the agricultural land agency. The next step will be to buy a tractor and a mulcher.
The farmer sells his crops to a regular buyer - AGROFER.
Thanks to Heavy Finance project funds, the farmer will purchase a PRONAR T680 trailer (which will also secure the loan) and an AMAZONE ZA-M 1502 mounted fertilizer spreader. With the spreader, the farmer will enter precision farming.
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.