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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.
PT0000604
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 30.00 ha | 30.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The entrepreneur created the company in 2002 with his wife. The company is engaged in producing and marketing wine grapes from the Douro demarcated region and the demarcated area for green wines and fruit. The main customers for the grapes are Sage Vinhos (CALEM group) and Quinta e Casa das Hortas. The main customers for the fruit are the SONAE and Auchan groups. Currently, the company has 10 employees, resorting to subcontracting at harvest time. It should be noted that the company is investing in planting new grape plants.
The financing will allow the client to complete planting 1.5 ha of grape trees and 1.5 ha of cherry trees. The company also intends to renovate equipment for cultivation that is already worn out, as well as to replace 5 ha of irrigation system (it will allow irrigation to be automated).
The loan will be secured by a pledge on land with buildings.
The company declares 30 ha of owned land.
Annual interest - 12%
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.