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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.
LT0000056
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides HeavyFinance investor community with an opportunity to finance an equipment loan, secured by a first-rank mortgage on a used excavator.
Established in 2011, the company specializes in bulk load transportation, road construction, and repair services. The firm has a long-term working relationship with some of the largest companies in Lithuania like Kauno Tiltai, Eurovia, and Lithuania’s leading grain producers. The company also worked on large-scale infrastructure projects including Rail Baltica and some projects abroad.
The company recently signed a contract worth €1,65 million for road construction works in Lithuania. To prepare for this project, the company needs to acquire some heavy machinery equipment: with HeavyFinance investors' community help the company has already purchased two dump trucks for the project implementation. For the first project the company has borrowed 75.000 €. Now the company is borrowing 43.850 € to purchase an excavator. To secure the loan the company pledges the excavator Volvo EC160CL and a semi-trailer. The total value of a mortgaged property is 64.850 €.
Interest:
- Investing from 100 € - interest 9,7%
- Investing from 3 000 € - interest 10,3%
- Investing from 6 000 € - interest 10,9%
- Investing from 11 000 € - interest 11,3%
- Investing from 22 000 € - 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.