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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.
LT0000052
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
A farmer took over the farm of his parents in 2017. Since then, the farm has been expanding and now has 70 hectares of arable land. The farmer grows cattle, winter wheat, and summer wheat.
The agriculture businessman sees many opportunities for further expansion because many elderly farmers want to sell their land close by. Considering the lack of workforce in the agricultural sector, he already has two tractors and a combine harvester.
The farmer is actively preparing for the new farming season and has already successfully borrowed 10.000 € from the HeavyFinance investor community to purchase a new mounted reversible plough. In preparation for the spring, the farmer borrows 22.000 € to cover working capital.
Interest:
Investing from 100 € - interest 9,7%
Investing from 2.000 € - interest 10.3%
Investing from 3.000 € - interest 10.9%
Investing from 6.000 € - interest 11.3%
Investing from 11.000 € - interest 11.8%
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.