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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.
PT0000850
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 41,712.31 € | 37,480.76 € |
| Net profit | 9,296.42 € | 11,295.93 € |
| Equity ratio | 78.66% | - |
Documents
Payment schedule
The project owner started the company in 2005 and has been expanding it over time by renting new land. He explores 50 Ha of farmland, from which 20 Ha are owned and the remaining is rented. From this, 10 Ha are dedicated to chestnut production, and the remaining area is dedicated to Hay and cattle.
He sells his production for meat shops in his region and chestnuts to large wholesalers.
For now, he resorts to traditional farming processes but the planned next step is to invest in new equipment and farm structure to optimize production and increase the output without the need to rent new land. In the future plans is also the implementation of a rural tourism unit on his property.
He needs capital to renew equipment and face the funding needs of the next harvest seasons of Hay and chestnuts.
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.