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.
PT0001589
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Farming land | 4.50 ha | 0.00 ha |
2022 | 2021 | |
---|---|---|
Revenue | 42,955.64 € | 5,927.93 € |
Net profit | - | - |
Equity ratio | - | - |
Sara is a young entrepreneur who four years ago decided to open her own business providing agricultural services. In the beginning, she rented the necessary tractors and machines, but today she already has her own tractor.
Her expertise is providing agricultural services from land preparation to planting and harvesting crops to individuals and companies. Moreover, the businesswoman is also planting her own hay to sell as animal feed and has bought some sheep for breeding and sale.
Sara is a very hardworking and determined woman, and she dreams of growing her business and creating new jobs.
With this loan, she will be able to buy the tools she needs to increase her productivity and profitability, and she will also be able to hire more people so that she can increase her turnover. The loan will be backed by two pieces of attachment to be purchased.
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.