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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.
LT0000034
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Deividas Kinta has been running a family farm in Lithuania where he owns 50 ha of arable land and is renting around 120 ha of land as well. The farm grows spring triticale and winter triticale among other grain crops.
After a good harvesting season, the businessman decided to accelerate the growth of the farm by purchasing more heavy equipment and preparing to buy some more arable land.
We already provided one project to fund Deividas equipment loand to buy a used combine harvester John Deere 9640 WTS. Now, we offer to invest in his equipment loan to buy a tractor John Deere 8100.
The collateral
- 1999 m. tracktor John Deere 8100 (€22.990) - first-hand mortgage
- 2010 m. tractor New Holland LM 5060 (€22.300) - first-hand mortgage
Value of mortgaged property: 45 290€
Loan to current asset value ratio: 54%
Interest rates:
- Investing from 100 € - interest 10,4%
- Investing from 1 000 € - interest 11%
- Investing from 5.000 € - interest 12%
- Investing from 10.000 € - interest 12,5%
- Investing from 15.000 € - interest 12,8%
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.