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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.
PL0001561
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 220.00 ha | 33.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 86,912.00 € | 53,305.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Meet our young and dynamic farmer who has transformed his farm from just a small plot of land in 2014 to an impressive 220 hectares, where he owns 33 hectares. This entrepreneur has been consistently increasing generated revenues and expanded the arable field by 70 hectares just last year.
The farmer adopted a regenerative farming method in the form of no-till, on the cultivated farmland, he plants 120 ha of corn and 30 ha of sunflowers. He works on the farm independently on a daily basis, but hires seasonal workers in the spring and fall. This is Due to the farm's rapid expansion, he rents most of his machinery, but owns a 2011 John Deere 6430 Premium tractor and a 2012 Maschio Gaspardo baler.
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.