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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.
PL0001365
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 60.00 ha | 40.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 106,927.00 € | 53,300.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer inherited the farm from his parents and he has been managing it since February 2001. He owns 40 hectares of his own land and 20 hectares of leased land.
The project owner uses such machinery as:
- CLASS Axion 115 tractor (which will also secure this loan)
- URSUS C330 tractor
- URSUS C360 tractor
- CLASS Dominator combine harvester
- tillage unit
- seeder
- sprayer
- trailers
The entrepreneur sells wheat and carrot on the local market. In order to increase the income his plan for the near future is to build a storage facility.
Financing from HeavyFinance will help the farmer with working capital.
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.