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.
BG0002295
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | 263.93 ha | 25.00 ha |
2023 | 2022 | |
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Revenue | 920,325.00 € | 703,538.00 € |
Net profit | 8,181.00 € | 4,601.63 € |
Equity ratio | 32.99% | - |
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SILMIK Ltd. was established in 2007 and currently cultivates 263.93 hectares of land, including 25 hectares of their own organic vineyards. The company also grows wheat, sunflowers, barley, and soya, and is well-equipped with all the necessary machinery to efficiently manage its farm operations. Most of the company’s produce is traded with Italian partners.
The company has fully repaid its first loan BG0000583, loan amount of 107 000 €. Currently, the company has an outstanding amount of 48 228 € on the loan BG00002293.
SILMIK Ltd. is seeking a new loan to provide working capital for the upcoming season’s preparations. To secure the loan, a pledge on a Masset Ferguson tractor will be registered, the company's director will also provide his personal guarantee as an extra measure.
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.