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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.
PL0001520
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 64.00 ha | 4.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 55,451.00 € | 2,048.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Mr Michael received part of the farm from his parents four years ago.
The main income of the farm is milk production and cattle breeding.
Currently, the farm has 80 head of milking cows, 20 heifers prepared for calving, 50 head of calves, and 30 bulls. The herd is of the Holstein Friesian (HF) breed.
The farm obtains about 80,000L of milk per month.
He is assisted in the care of the farm by his parents. He makes the feed himself and only buys protein supplements.
The sowing structure is subordinated to meat and milk production.: 20ha of maize, 10ha of cereals, 4ha of alfalfa 15ha of grain maize, and 15ha of wheat:
- Machinery used on the farm:
- NEW HOLLAND T150 tractor
- CLASS ARION 640 tractor
- URSUS C-360 tractor
- MANITOU 630 loader
- UNION 4-pick rotary
- AMAZONE spreader
- feeder truck
- baler
- cultivator
- spreader
Intercrops are sown on the farm and straw is returned to the field as manure and mixed into the soil within 24 hours of spreading. Photovoltaic panels are installed on the farm to save energy.
In the next few years, the farmer plans to expand the barn in order to increase the dairy herd and make work easier.
As for the milk, the client has a regular customer, it is a milk company.
The loan from HeavyFInance will be used partly to purchase 20 heifers.
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.