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.

PL0001485

Goal
17,974 €
Raised
17,974 €
100%
Return rate
17%
Rating
C
Period
24
Time left
LTV
50%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxxxx
Xxxxxxx 57, 63-040 Xxxx Xxxxxx xxx Xxxxą
header_1 Declared Owned
Farming land132.00 ha2.00 ha
20222021
Revenue 155,922.00 € 150,042.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule
The farmer has been running the farm since 2001 when he took it over from his parents. He took over a 2ha farm, which he has since expanded with 130ha of tenancies. He farms independently with his wife and seasonally employs workers to help on the farm. 

He is involved in fattening cattle and arable farming. He currently has about 200 cattle and grows 15ha of sugar beet, 50ha of maize, 15ha of silage maize, 3ha of wheat, 7ha of barley, 10ha of rye, 10ha of triticale, 2ha of onions, 2ha of potatoes, 5ha of oats.

On the farm he uses machinery such as:

  • DEUTZ-FAHR tractor 
  • VALTRA front loader tractor (2014)
  • URSUS tractor
  • BIZON combine 
  • SIPMA press (2010)
  • AGROMET potato harvester 
  • SKJOLD rotary plough 
  • BECKER maize drill
  • AGRO TOM cereal seed drill (2021)
  • AGRO TOM fertiliser spreader (2021)
  • AGRO TOM no-till unit (2021)
  • ROLMAKO disc harrow (2020)

The farmer currently needs funds for the purchase of fertilizers. 

During the next two years, the farmer plans to expand his farm by another 20 hectares and wants to build a new barn to accommodate more cattle and thus increase his earning capacity.

This is the farmer's third loan from HeavyFinance with the previous two being paid on time.

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.