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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.
LT0000046
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
The company established in Varėna district is engaged in bulk cargo transportation in Lithuania. The company has transported such goods as asphalt, gravel, crushed stone, sand, granules for four year.
The business has been very successful in its field, and now is planning to expand its fleet and acquire an additional set of vehicles for transporting grains.
There are currently two tractors and one semi-trailer in the fleet. From the borrowed funds the company will purchase the MAN TGA 18.430 truck (made in 2006) and the Feber Inter Cars 34NWM4 tipper semi-trailer (made in 2011). In addition to these acquired vehicles, the company buys a semi-trailer from its own funds. After the purchase of these vehicles, the company's fleet will have three transportation sets - three tractors and three tipper semi-trailers.
Minimum loan term: 4 months
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.