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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.
LT0000060
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
By investing in this project, the HeavyFinance investors community has an opportunity to finance one of the agricultural development projects of UAB Verslo Valstija. With this project, the company aims to collect 55.050 € to purchase a self-propelled sprayer, a new automatic steering system and to increase the company's working capital.
The company, established eight years ago, currently uses 579,3 ha of land for its activities, of which 23 ha is owned by the company. The farm is actively developing crop production - wheat, rape, and barley are grown on the farm.
The company's heavy machinery fleet consists of several different tractors, a combine, drill, a cultivator, a telescopic loader, and other equipment necessary for the activities.
The company is actively expanding its heavy machinery fleet - HeavyFinance investors have already financed two of the company's loans. The first loan of 45.500 € sought to collect enough funds for a used Vaderstad Carrier 650 cultivator, a harrow, and increase working capital. The second loan of 34.370 € was for the purchase of a JCB 535 - 95 Agri Super telescopic loader.
With this project Verslo Valstija seeks to upgrade its heavy equipment and machinery fleet even more - the company is borrowing to purchase a used Case 3000 SP self-propelled sprayer for 20.000 €, a G7 plus Farmnavigator steering system with an RTK signal for 12.087,90 €, and the remaining loan will be used to increase working capital. To secure the loan, the company pledges assets for 78.667,90 €.
Interest:
- Investing from 100 € - interest 10,7%
- Investing from 4.000 € - interest 11,3%
- Investing from 7.000 € - interest 11,9%
- Investing from 14.000 € - interest 12,3%
- Investing from 28.000 € - interest 12,8%
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.