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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.
LT0000049
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
The borrower has been engaged in the agricultural sector for nine years and now manages 99,18 ha of agricultural land in the Raseiniai district, from which 14 ha is owned by himself. Crop production is developed on the farmland - there is cultivated wheat, barley, and rapeseed.
The farmer is planning to expand his farm fleet with a telescopic tractor. This particular loan is assisting the businessman with a 31 500 € working capital, from which the borrower will purchase the telescopic loader. Currently, the farm’s technical fleet consists of several tractors, combines, trailers, and other heavy-duty machinery.
The farmer is looking for ways to make the farm more efficient. Therefore, the businessman is planning to acquire a grain dryer in the near future and to replace some existing agricultural machinery units with newer and more efficient ones.
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.