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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.
BG0002242
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 27.90 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 21,985.55 € | 16,361.34 € |
| Net profit | 6,135.50 € | 5,100.00 € |
| Equity ratio | 15.65% | - |
Documents
Payment schedule
Agronaar, a family-run farm, has been engaged in animal breeding since 2018. The farm currently raises 17 cows and 5 calves on 27.9 hectares of rented land, with its own barn located in an ecologically clean area.
In 2022, Agronaar achieved an important milestone by receiving a certificate for organic production, enabling the farm to sell its products to certified companies. However, despite the farm's commitment to sustainability and organic farming, it has faced challenges due to delays in state subsidy payments.
The HeavyFinance investor community has already supported the farm through two previous loans. One of these loans has been fully repaid, and the remaining loan has an active balance of €10,500.
Agronaar is now seeking additional financing to recover national taxes and boost working capital, with plans to purchase fodder and hay for the animals. The loan amount will be secured by the farm's expected state subsidy, which is scheduled for payment by September 2025. The subsidy to farmers supported under schemes and measures of the Common Agricultural Policy, including the scheme Single Payment per area from the State Fund Agriculture will be paid to the farmer's account where HeavyFinance has full access to the pledged receivable.
The company director and her husband are also providing their personal guarantee to secure the loan.
This funding will ensure that Agronaar can continue its organic farming operations and maintain the well-being of its animals, helping to stabilize the farm's finances during this period of delayed subsidies
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.