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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.
PL0001343
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.00 ha | 3.00 ha |
| 2022 | |
|---|---|
| Revenue | 17,900.00 € |
| Net profit | - |
| Equity ratio | - |
Documents
Payment schedule
The project owner has been farming since 2020, inheriting 0.2 ha from his grandfather's brother. He then leased land in the area. After 3 years of work, he is cultivating 30ha of which 3ha are his own. His dad or a friend helps on the farm. In addition to his farm, the farmer also provides services to other farms
The farm is allocated according to the structure: 5ha maize, 8ha oats, 4ha sunflower, 3ha vetch.
Machinery on the farm:
- Ursus C380 tractor,
- Gaspardo maize drill (1998),
- Abra spreader,
- 3m sprayer, Unia plough,
- Unia cultivator.
The farmer has applied under the "young farmer" program for a new holland 140hp tractor. The farmer plans to switch to no-till pratice in the near future. Funding from HeavyFinance investor communtiy will help the farmer acquire a new tractor. To secure the loan, a mortgage on a 1.56 ha of land will be pledged.
Please note that the risk assessment was carried out with only 2022 income (based on invoices) as the operations of the business started in 2020 and didn't generate any income in 2021.
2022 income also includes €5,276.76 of EU subsidies.
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.