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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.
PL0001661
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 160.00 ha | 12.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 149,580.00 € | 15,503.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code heavy1661 and get 2.00% cashback.
The farmer had been working on the farm since 2007 and then his father passed it on to him in February 2021. Kamil works on the farm with the help of his parents.
The farmer's main income is crop production. He cultivates rapeseed 40ha, corn 80ha, rye 50ha, barley 15ha, and wheat 10ha. In 2023 there will be added additional 100 hectares to the farm through a long-term lease for 10 years.
On the farm, there's been used such machinery as"
- Class tractor (2020)
- Class Lexion combine
- Class tractor (2021)
For mixed tillage (no-till, plowing):
- AgroTom disc cultivator
- AgroTom cultivator
- Maschio Gaspardo maize drill
- Kverneland grain drill
- Kverneland 4 skid plow
The project owner is planning to build a 500m2 warehouse in the next few years and switch completely to no-till cultivation. This third financing from Heavy Finance will allow our client to prepare for the season and increase the acreage for cultivation.
Revenue for 2022 consists of 3 344€ In subsidies.
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.