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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.
LT0000065
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian ecological farm. The collected funds will be used to purchase five heavy-equipment implements. The purchased equipment will be pledged to secure the loan.
The borrower has already engaged in mixed farming for 13 years and now successfully manages a 327.27 ha organic farm in the Anykščiai district.
On the farm, half of the land is covered by crops, and the rest are meadows, where beef cattle graze. The farmer currently owns 2 bulls, 65 cows, and about 50 young calves and heifers. Farming traditions are also nurtured by the farmer's family - the businessman's mother has about 180 hectares of land and his wife has 125 ha. The family manages the entire area of land together.
The farmer seeks to acquire new machinery and equipment for more efficient farm development. For this purpose, the farmer has already received National Paying Agency support, which will reimburse up to 50% of the total eligible costs of the project. The support received by the farmer can cover up to 157.637 € in total. The farmer will receive support after submitting the equipment purchase documents to the NMA. The support is scheduled to be disbursed by the end of this year. For this particular project, the farmer will use 58.900 €, which will be returned to the farmer after purchasing technical units.
With this project, the farmer is borrowing 99.700 € from the HeavyFinance investor community. The funds will be used to purchase new and unused equipment - a two-rotor universal rake, a trailed manure spreader, a cultivator, a sowing equipment set, and a mounted mower. The value of the purchased equipment is 142.537,5 € including VAT. Using the support received, the farmer later plans to purchase more technical units. The businessman also plans to increase the number of beef cattle in the future.
Currently, the farm’s technical fleet consists of four tractors, a combine harvester, and other necessary equipment.
Interest
Fixed interest rate - 10%
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.