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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.
LT0000040
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Verslo Valstija, UAB, was established eight years ago, and since then it has actively cultivated crops, such as wheat, rape, and barley. The company uses 579.3 hectares of arable land for crop production, from which 23 ha is owned by Verslo Valstija.
The company owns several different tractors, a combine harvester, a seeder, and other heavy equipment items necessary for the farming activities. Now, Verslo Valstija, seeks to acquire additional equipment to increase its operational efficiency.
For this purpose, the company is borrowing 34.370 € from the HeavyFinance investor community, which will be used to purchase the used telescopic loader JCB 535 - 95 Agri Super (made in 2009) and to increase working capital.
The collateral
- 1996 m. harvester „Claas Mega 218" (35 400 Eur)
- 2009 m. telescopic loader „JCB 535-95" (25 700 Eur)
Value of mortgaged property: 61 100€
Loan to current asset value ratio: 56%
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.