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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.

PL0001629

Goal

25,300 €

Raised

25,300 €

Return rate

From 13.5%

Rating

Period

Time left

LTV

67%

Country

Poland

Loan purpose

Refinancing

Business information

Security measures

Loan history

Project owner	Address
Xxxxxx Xxxxxxx Xxxxxńxx	86-200 Xóxx, Xxxxxxxx 9x

header_1	Declared	Owned
Farming land	7.47 ha	7.47 ha

	2022	2021
Revenue	64,438.00 €	30,403.00 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

Dariusz inherited the farm 9 years ago and currently declares 7,47 hectares of arable land. The farmer works on the farm with his son who will inherit the farm.

The project owner cultivates wheat (2,8ha) triticale (1,47ha), and rapeseed (3,20ha). He has two grain buyers in his area, whom he has been working with since taking over the farm.

The entrepreneur has 2 tractors (Ursus) and other machinery needed for the business, however, he plans to modernise the farm in terms of machinery. The previous funding let him purchase a cultivation unit and a weeder. With these machines, his farm is more sustainable, moreover, he will be able to give up ploughing and switch to no-till. Once the machinery will be completely replaced, the farmer will seek to increase the cultivated area of his farm.

The farm is not Dariusz's main income, however, the revenue is only from the farm's earnings.

Most of this financing will be used to refinance his 2 two loans from HeavyFinance, the rest will be used for 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.