Create an account to make your first investment in only few steps!
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.
LT0000021
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Fojus, UAB is a Lithuania-based company experienced in the construction of residential and commercial ponds on various properties.
The company was established in 2017 and currently has three employees. Last year, Fojus had revenue of 80.000 Eur, while in 2018 the revenue of the company was 18.000 Eur. Besides, due to ongoing expansion, the company had 8.800 Eur loss in 2019 and 11.000 Eur loss in 2018.
The company has already gained a good reputation and got some positive reviews on various websites. Therefore, it is continuing with the expansion plan and wants to borrow 15.500 Eur to increase working capital. To secure this loan, Fojus use a tractor TYM T353SGHSD made in 2018 as collateral. According to independent asset evaluation service provider, the value of this tractor is 22.300 Eur. Consequently, the loan-to-value ratio of this loan is 70%.
Interest rates:
- Investing from 100 € - interest 12%
- Investing from 1.000 € - interest 12,4%
- Investing from 5.000 € - interest 13%
- Investing from 10.000 € - interest 13,5%
Purpose of the loan:
To increase working capital
Project investment return and interest payment:
- Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-11-03
- End date of the financing period: 2020-11-17, or until the loan is fully financed.
- Investment: from 100 €
- Annual return on investment: from 12% to 13,5%.
- Loan term: 12 months
- The project owner will repay the principal in the end of the period.
- The Interest will be paid monthly.
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.