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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.
PL0001657
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 94.46 ha | 13.93 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 282,311.00 € | 140,369.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
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Mr Tomasz received the 13ha farm from his parents in 2014 and is currently farming 90ha. A colleague helps with the work on the farm, and the entrepreneur employs one worker during the season.
The farm is focused on crop production with the current crop structure: cereals - 20 ha, maize - 30 ha, rapeseed - 40 ha. The crops are sold mainly in his region. As crop production is the main livelihood of the farm, the farmer runs the farm in a sustainable way, through no-till, leaving crop residues in the field and using bio-fertiliser.
Machinery used on the farm:
- CASE FARMALL tractor with front loader
- FENDT Favorit 824 tractor
- ROSTELMASCH Vector 425 combine harvester
- MATBRO loader
For soil cultivation, he uses:
- AGROMASZ seeder
- AGRISTAL 5m disc machine
- BAIMFOL 1000L sprayer
- WIPROL sprayer 1200L
- WIPROLseed drill 800L
- VERUM 5 skid DX plough
- AGROFACTORY subsoiler 3m
- PROMAR 12t trailer
- SCHMIDTtrailer 18t
- METALFACH 8T manure spreader
The farmer plans to buy a bigger tractor, chisel plough and multipurpose seed drill as well as increase farming area.
This is the farmer's second financing from HeavyFinance with the first one being a freshly financed green loan (expected to be paid out to the borrower on the 17th of October).
This loan also will be used to purchase fertiliser, fuel, seed and machinery parts needed to increase agricultural production.
NOTE: The collateral is the same land for both loans, with a total value of 174 859 EUR.
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.