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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.
LT0000047
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
A farmer is successfully developing a farm of 24,06 ha in Salai village, Radviliškis region. The 3.74 ha of the land is owned by the farmer himself. The farm actively cultivates crops such as winter wheat, buckwheat, and peas.
For more efficient farm work, the farmer plans to acquire new heavy-duty equipment. This particular loan is assisting the borrower to purchase a new Pronar T672/2 tractor-trailer. For this purpose, the farmer borrows 16 625 € from HeavyFinance investors community. A part of the collected funds will be used for increasing working capital.
The current farm's fleet consists of several heavy machinery pieces of equipment, like a cultivator, a sprayer, a combine, a tractor, which helps to do all the necessary farm work.
The future-orientated farmer is determined to expand the farm's fleet - to ensure higher productivity, the businessman plans to buy another combine and a tractor in the near future.
Interest:
Fixed annual interest rate - 13%
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.