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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.
LT0000069
| 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 finance an equipment loan for a Lithuanian company UAB Geri grūdai. The received funds will be used to purchase a used Case IH Axial-Flow 9230 combine harvester.
The company, established a few years ago, is actively preparing for the 2021 season. To maintain a successful farming process, the company needs a combine harvester. UAB Geri grūdai is borrowing 116.800€ from HeavyFinance investors community to purchase a used Case IH Axial-Flow 9230 combine harvester (made in 2013). The full price of the harvester is 166.980 €, so the remaining amount will be covered by the company itself. The purchased technical unit will be pledged to secure the loan.
This is not the first UAB Geri grūdai project on the HeavyFinance platform - the company borrowed 50.000€ to increase working capital. The company has recently repaid the loan.
UAB Geri grūdai also uses two tractors, a loader, and other heavy equipment on its farm.
Interest:
- Investing from 100 € - interest 11,3%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,2%
- Investing from 2.000 € - interest 12,5%
- Investing from 5.000 € - interest 12,8%
- Investing from 10.000 € - interest 13,2%
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.