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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.
PL0001360
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 60.00 ha | 39.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 125,053.00 € | 83,806.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This project allows investors to lend capital to a Polish dairy farm. The agricultural entrepreneur together with his wife established the farm in 2002 after inheriting a plot of land from his parents.
Currently, the family farm has 40 Holstein-Friesian cows generating stable annual revenue thanks to a long-term contract with MLEKPOL - the biggest producer of milk and dairy products in Poland.
39 hectares of declared agricultural land is mainly used to grow fodder for cows (corn 20ha, wheat 20 ha). 15,17 ha of this land will be used as collateral to provide more security for investors in the loan for this farm.
Besides land and animals, the farm also has two tractors - Ferguson 5771 and Ferguson 8150- together with a combine harvester Deutz-Fahr 1630 and other smaller machines.
Last year the farmer increased the amount of his land by renting additional 21 hectares. From 2023 he started to cultivate land with no-till. This year is a test year for him, if it is successful, he will start no-till through all his land.
With the loan from HeavyFinance, the farmer expects to finish shed construction on his farm and purchase additional seeds for a new season.
The revenue for 2021 consists of 11 312 € in subsidies. This loan is the third one for the project owner and the collateral is the same land as previously.
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.