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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.
PT0000957
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 7.50 ha | 8.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 32,632.26 € | 45,187.08 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
This loan aims to face the steep increase in costs, to finish the harvest and preparations for the next season.
To secure this loan, the farmer is pledging a tractor evaluated at 22 500 euros. The farmer also has a previous uncollateralized small loan with HeavyFinance, which was paid out in April this year and has been paying timely.
The owner of the project has been running his farm for 11 years. Located in Vermelha, Portugal, the farm has been passed down through 3 generations and fostered throughout the years. The farmer cultivates apples, pears and some vines. In total, Mr. Ricardo has 8 ha of land, of which 7.5 ha are cultivated and in production. At this time, the fruit is sold to a farmer’s cooperative, to which he is in the process of becoming a member.
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.