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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.
LT0000070
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in the heavy-equipment fleet development of the Lithuanian farm. The funds are collected to purchase a used combine harvester Vector 420 (made in 2010). The purchased equipment will be pledged to secure the loan.
The project owner started farming in 2014, now owns a 116,79 ha territory of arable land. 70 ha of them belong to the farmer, the remaining land is rented. The farm cultivates winter oilseed rape, wheat, and rye.
The farmer’s family has a deep farming tradition - Jan together with his brother inherited the farmland from his parents. two brothers shared the land and now farm separately. After a good harvesting season, Jan is preparing for a new one - the farmer decided to increase his technical fleet and buy a used combine harvester Vector 420 (made in 2010).
For this purchase, Jan Jackevič is borrowing 24.500 € from the HeavyFinance investor community.
Interest
Fixed annual interest rate - 13%.
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.