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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.
LT0000009
| Project owner | Address |
|---|---|
| Alvydas Gaižauskas, UAB "Girė" |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Introduction
Girė UAB has been operating as a logging contractor for 5 years around the town of Kėdainiai in Lithuania. The company has three employees and sees a growth opportunity due to increased interest in its‘ services. Therefore, Girė aims to acquire a harvester Ponse Ergo 6W.
The machine is made in 2001 and is worth 37.994 Eur including technical service costs to prepare it for heavy-duty works in the forest.
In order to acquire Ponse Ergo 6W, the company is borrowing 28.000 Eur and is using this machine and 2 hectares of forest as collateral. Consequently, the loan-to-value ratio for investors is up to 70%.
Last year annual revenue of Girė was slightly above 30.000 Eur in comparison with 5.000 Eur a year before. Furthermore, the company had 2.000 Eur in profit, while in 2018 it had 12.500 Eur loss.
Company has equity worth more than 35.000 Eur.
At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)
Purpose of the loan
The aim: to purchase harvester PONSSE ERGO 6W.
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.