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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.

PT0000933

Goal

9,800 €

Raised

9,800 €

Return rate

13.5%

Rating

Period

Time left

LTV

Country

Portugal

Loan purpose

Equipment purchase

Business information

Security measures

Loan history

Project owner	Address
Xxxx Xxxx Xxxxxxxx, Xxx., Xxxxxxxx Xxxxxxxxx Xxxxx	Xxxxxxxx xx Xxxxx, 6200-103 XXXXXXÃ

header_1	Declared	Owned
Farming land	1.70 ha	0.00 ha

	2021	2020
Revenue	17,761.06 €	13,984.12 €
Net profit	-	-
Equity ratio	-	-

Project description

Documents

Payment schedule

The company is looking for a 9 800 Euros loan for the purchase of specialized equipment and to finance the harvest.

The Lynx company was born from the dream of one of the partners in 2019, while he was studying BioChemistry at the “Universidade da Beira Interior” University, When he discovered the numerous uses for the Hemp plant. He spent the next 2 years understanding the market better and studying the possibilities while completing his studies.

The company was then opened with the purpose to grow Hemp with a big focus on sustainability, on Vertical and Integrated Farming methods. In the first years, the company obtained the necessary licenses and the first production of hemp to get flowers, fibers and seeds.

The plan is to use their hemp production to manufacture also Textiles and BioDegradable plastics.

On a curious note, the farmland is located in the Malcata mountain range, home of the charismatic “Iberian” Lynx. Almost extinct in 2005 (when there were under 100 individuals in total), today there are around 1100 individuals. This is such a motivation for the company to be sustainable-focus, that it ended up being the inspiration for its name, "Lynx hemp products".

The first harvests in 2021 produced 70k of flowers and fibers, in an area of 0.4Ha and with 1700 plants of the “Felina 32” breed.

In 2022, the company has 1.7 Ha of the same variety, but with a much higher density, since the focus is the fibers and seeds.

In 2023 the company plans to expand the plantation to occupy 2.5 Ha, and in 2024 the full 3.7Ha of land that they have, which is rented at the moment but there is already a signed purchase contract for a defined value. They also plan to build a new warehouse and a greenhouse for germination during 2013.

Due to the focus on sustainability, all the fertilizers, nutrients, and other necessary products used are certified organic.

The production is sold at the moment to specialized shops and the “Universidade da Beira Interior” for research, the same University where the company founder studied and that is located in the same region of the plantation. In the future, the company plans to open its own retail space.

For this loan, all the shareholders of the company sign as guarantors, and since the financials of the company are still small, we used the financial data of one of the guarantors that has a steady income that is not dependent on the company.

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.