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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.
PT0001289
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 125,572.28 € | 42,226.00 € |
| Net profit | 31,989.31 € | 1,089.75 € |
| Equity ratio | 73.8% | - |
Documents
Payment schedule
Expoenteoásis Unipessoal LDA established in 2017 in Alfandega da Fé (Center/North of the interior of the country), performs services for farmers and public entities (such as municipalities) to clear, move, and plow lands.
The owner of the company, as well as the employees, have extensive experience, performing the same type of work for more than 10 years. The company has a pool of 3 permanent staff besides the owners and 3 more seasonal workers, that cater to 8 long-term clients, as well as several seasonal clients.
The company is asking for 17 500 euros to buy a backhoe loader and provide it as collateral for this loan. The new machine will allow the company to increase the efficiency of the services provided and serve different clients simultaneously.
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.