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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.
PL0001651
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 55.00 ha | 22.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 21,660.00 € | 33,515.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been working on the farm since 1997, right after leaving school. He inherited the farm from his parents, and takes care of it alongside his son (who also has loans from HeavyFinance).
The entrepreneur was previously involved in pig farming but had to give up due to ASF (African Swine Fever). He's also breeding Slovenian cold-blood horses since 2007 and currently owns 11 horses. He makes his own feed from his own fodder and now plans to return to pig breeding, so he stores most of the grain to prepare for breeding.
The sowing structure consists of: rye - 6ha, triticale - 22ha, maize - 10ha and wheat - 5ha. The farmer also has 12 hectares of meadows. The entrepreneur sows intercrops, and straw is collected from the field and returned as manure.
Machinery used on the farm:
- MCCORMICK 125 Gmax tractor
- ZETOR 8211 tractor
- URSUS C-360 tractor
- NEW HOLLAND TX36 combine harvester
- WEIDEMANN TC4512 loader
- UNION 4-furrow rotary plough
- combine with seed drill
- cultivator
- harrow
- rotary mower
The horses are sold to local buyers, same with grain.
This loan from HeavyFinance will be used to get back to pig production.
NOTE: The majority of the grain is stored for pigs, which is why his 2022 profits were lower.
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.