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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.
PL0001497
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 112.00 ha | 18.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 1,149,963.00 € | 330,161.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Location of the farm The farm is located in the village of Losy, Warmińsko- Mazurian, Ilawa county, Lubawa municipality. Losy is a small village famous mainly for its agriculture.
In 2017, the farmer inherited a family farm of about 16 hectares which, year by year is expanding with more leases. As of today, He owns about 34 ha. Plus from nearby farmers who do not want to make a lease agreement is about 60ha.
The mixed farm focuses on both crop and livestock production (poultry and beef cattle). The farmer has been raising slaughter poultry since 2018. Every year, the project owner manages the 17 insertion of 24,000 pc each reared and fattened up to six weeks and returned to the slaughterhouse. The farm get feed and chicken in compensation settled after the casting.
The man also has been running beef cattle since 2015, as of today he raise 196 fattening cattle plus those cattle which are under contract with the company Zakłady Mięsne Łuniewscy about 200 heads.
His crop farm consists of corn (silage) 60%, wheat 20%, triticale 20% plus to this fallow land for hay silage and after harvesting corn for silage we sow between the yields (grass with a Gorzow mixture). He obtains good yields keeping in mind the economy environmentally friendly and placing great emphasis on the welfare of the economy surrounding nature.
The income obtained is invested, continuous improvement of the farm , and an example is the purchase of new agricultural machinery. The man is assisted in running the farm by my wife with the well-equipped machinery on the farm - tractor Same Antares, Ursus c360, tractor, fertilizer spreader, disc mower, tractor New Holland TM 190, Kevreneland 6-plow rotary plow, Gruber, Hardii trailed sprayer, Kinstal harrow, Wrapper, Metal-Tech TS 18 trailer, 2 single axle trailers load capacity 9 tons.
The farmer is planning to add Telescopic loader MERLO TF 38.10 CS 145 to his technical fleet with two loans from HeavyFinance, 79 000 € in total and will pledge the loader to be purchased on both two loans in equal pledge value. This is the first loan of 39 500 € will be secured by a pledge value of 67 115 €, resulting the 59% LTV.
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.