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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.
PT0000875
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 63,389.81 € | 13,274.63 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The project owners started the business over 10 years ago, clearing farmlands in the deep Douro region (a region of excellence for the production of Wine, Olives, Almonds and Cherries), with the help of heavy and light machinery (rotating machines, brushcutters, chainsaws), and evolved over time to provide all kind of services for Agriculture and farming activities.
Today the company also does plowing with caterpillar tractors, plantations of vineyard, olive and almond groves with the help of rotary machines.
Every year they get new clients, and as the demand grows, they need to employ more workers and buy more equipment and machinery. The company has managed to maintain the clients and make sure that they have a list of clients all year long, as some cultures in Portugal are non-stop.
With the increased demand and new clients flocking in, the project owners need more equipment to face the harvest season.
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.