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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.
LT0000054
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides HeavyFinance investor community with an opportunity to invest in a land loan, secured by a first-rank mortgage on 2,762 hectares of land and a used tractor New Holland 8360.
A second generation farmer is running a crop farm of 43.38 hectares in Kaunas district, Lithuania. 2,762 ha of arable land is owned by him, also, some of the lands belong to his parents. Rest of it is being rented.
Rapeseed and wheat are grown on the farm and in spring the farmer plans to sow barley. The farm uses the necessary heavy machinery for efficient work - the farm's fleet consists of a combine harvester, a tractor, a germinator, a sprayer, and a plough. All the heavy equipment used on the farm is owned by the farmer.
The businessman has future development plans for the farm including the expansion of arable land, the purchase of necessary equipment, and building of a new warehouse. Currently, the farmer is borrowing from the HeavyFinance investors' community 27.000€ to increase working capital from which he is prepared to purchase a used combine harvester.
To secure the loan, the farmer will pledge his own 2,762 ha plot of arable land and a used New Holland 8360 tractor.
Interest:
- Investing from 100€ - interest 12,2%
- Investing from 2.000€ - interest 12,8%
- Investing from 4.000€ - interest 13,4%
- Investing from 7.000€ - interest 13,8%
- Investing from 14.000€ - interest 14,3%
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.