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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.
PT0001616
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 60.00 ha | 7.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 339,204.72 € | 257,989.38 € |
| Net profit | 5,370.15 € | 5,512.50 € |
| Equity ratio | 3.4% | - |
Documents
Payment schedule
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This project provides an opportunity to invest in the development of mixed farming in Portugal.
The entrepreneur has been working in this field since 2018, when he bought the farming business, since when the business has been gradually expanded. Today, the farmer produces milk, meat, maize, fodders and also provides services to other agricultural businesses in the area, services that include soil mobilisation for sowing maize and producing fodders, transporting shredded maize and producing grasshopper rolls. The maize area is 44,77 ha and the grassland area 77,03 ha.
The entrepreneur manages the farm with the help of two permanent employees and two seasonal workers during the busy season.
All the milk is sold to Prolacto Dairies and the meat is sold to the highest bidder on the market. It has a milking machine, a feeding machine, as well as 2 tractors and a bobcat for cleaning the premises and the surrounding area.
In addition, the man owns 3 tractors, 2 tankers, a fertiliser spreader, a sprayer, a mower, a rope tying machine, a hay turner, rollers, a rotary cultivator, a plough, a harrow, a scraper, and 4 trailers, as well as 2 cattle transporters for the provision of services.
The purpose of this financing is to purchase cattle feed and it offers two tractors and four attachments as collateral, resulting in a LTV of 51%.
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.