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.

PL0001349

Goal
33,600 €
Raised
33,600 €
100%
Return rate
From 12.6%
Rating
B+
Period
47
Time left
LTV
61%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Żxxxxxxxx
18-212 Xxxx Xxxxxxx
header_1 Declared Owned
Farming land52.00 ha51.46 ha
20222021
Revenue 121,794.00 € 81,920.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

The farmer has been working on the farm since childhood and his parents passed on to him the farm in 2020. He works on the farm with help from his parents.

The farmer is engaged in dairy production. He has 50 heads of high-milking dairy cattle (Holstein Friesian) under the evaluation of the Polish Federation of Cattle Breeders and Milk Producers. Additionally, he has 25 heifers and 15 calves. He has a contract with the Mlekovita. He produces the feed entirely himself, only buying additives. The current sowing structure for the cows is: cereals (10ha), maize (12ha) and pastures of 24 hectares.

In 2020, the farmer received funds from the European Union to buy Kubota M7 tractor with loader (2021) and McHale baler (2020).

He also has other machines:

  • Massey Ferguson tractor
  • MTZ tractor
  • Promar tractor (2006)
The farmer tills the soil with ploughing technology with:

  • 4 skid atlas plow
  • corn seeder
  • cereal seeder
  • spreader
  • sprayer

In the next few years, machinery for no-till farming and sustainable agriculture will be purchased for the farm.

This is the second loan on the HeavyFinance platform, the farmer is offering a 51.62 ha of land which was also used to secured his first loan on the HeavyFinance platform as a collateral. The funds from HeavyFinance will allow the farmer to sow 12 hectares of maize as well as purchase fertilizers. 

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.