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.

PL0001673

Goal
19,700 €
Raised
19,700 €
100%
Return rate
16.5%
Rating
C+
Period
24
Time left
LTV
50%
Country
Poland
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxx Xxxxxxxx
Xxxxxxxxxxxxxx 5, 16- 315 Xxxxx
header_1 Declared Owned
Farming land50.00 ha11.40 ha
20222021
Revenue 89,419.00 € 34,123.00 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

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The farmer inherited the farm from his parents on July 11, 1997. He was 17 years old at the time, and had been working on the farm since childhood. At that point, the farm had about 20 hectares, then focused on crop and livestock production.

The farm now has 50 hectares, of which 16 hectares are corn, 8 hectares of lupine, 7.5 hectares of grain, 3 hectares of clover, and the remaining land is grassland and forest. 

The entrepreneur raises chickens for organic eggs, however, it is a small production for himself and his friends.
Within the next year, the client will start raising cattle. The client previously raised about 100 head of fattening cattle, he had to stop breeding through a pandemic because he became ill.

The family helps take care of the farm. When there were cattle the entrepreneur took service companies to help during the harvest season.

Machinery used on the farm:
  • URSUS C-360 tractor
  • AMAZONE Ed 452 K seeder
  • TEDLEND sprayer
  • TEDLEND spreader
  • cultivating unit
  • meadow roller
  • bale platform
  • feeder truck
  • grain crusher
  • rotary mowers

In the next few years, the client plans to return to raising beef cattle with about 70 heads.
The financing from HeavyFinance will allow the farmer to purchase the first part of the cattle and prepare all the necessities for breeding.


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.