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.

PL0001649

Goal
25,200 €
Raised
25,200 €
100%
Return rate
From 13%
Rating
B
Period
36
Time left
LTV
59%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxxxx
Xxxx Żxxxxxx 20, 99-107 Xxxx Żxxxxxx
header_1 Declared Owned
Farming land32.40 ha23.00 ha
20222021
Revenue 90,521.00 € 44,671.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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The owner inherited the farm in 1992 with 12 hectares of land and has since expanded it to 32,4 ha (of which he owns 23 ha).

The farmer is in the process of changing crop production and at the moment has the following crops: maize 10ha, wheat 12ha, beet 7ha, rape 3ha, rye 1ha, cucumber 0,5ha. In addition, he keeps 10 beef cattle (Holstein-Friesian and Simmental breeds).

The farmer continuously invests in his farm by, among other things, buying new machinery. And so, at the moment, he has:
  • NEW HOLLAND T6160 loader (2020)
  • MASSEY FERGUSON 255 tractor
  • URSUS C330 tractor
  • KRUKOWIAK sprayer
  • JOHN DEERE 582 baler
  • UNIA cultivator
  • AGRO MASZ cereal drill (2020)
  • AGRO MASZ 6-row maize seed drill (2020)
  • PROMAR PT12 trailer
  • SANOK D12 trailer x2
  • disc harrow
  • rotary plough
The farmer has contracts to sell beet, cereals and maize to Rotex and Jujka mill, a sugar food group.
In terms of plans to develop the farm soon, the farmer plans to switch to direct seeding and build a cattle shed to increase breeding.

This is the farmer's third loan from HeavyFinance, with the previous two being repaid on time. This financing will enable the farmer to buy fertilizers, seeds and cattle.

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.