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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.
LT0000072
| Project owner | Address |
|---|---|
| Sigitos Martinkienės, Agronera UAB |
| 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 a Lithuanian agriculture company. The funds are collected to purchase 4 ha of land. A sprayer Amazone UX 5200 Super and purchased land area will be pledged to secure the loan.
The company, founded five years ago by a family of farmers, currently manages 79 hectares of arable land in Telšiai district. Crops are grown on the farm and with the farm’s equipment, the company also provides services to other farms.
2020 has been really good for farming in Lithuania, thus, the financial situation of the company is improving. Agronera had more clients last year as well. The company got revenues from harvesting around 300 hectares of corn for other farmers with a self-propelled Forage Harvester Claas Jaguar 870. This equipment was acquired last year with 65.000 € borrowed from HeavyFinance investor community. The company also borrowed 15.300 € from our investor community to purchase 3 ha of arable land. The company borrowed 80.300 € in total. Agronera makes loan payments on time.
Now the company seeks to buy 4 hectares of land nearby its farm. To acquire this land Agronera is borrowing €19.900. The company will use acquiring land with a sprayer Amazone UX 5200 Super as collateral.
Interest:
- Investing from 100 € - interest 11%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,5%
- Investing from 2.000 € - interest 12.7%
- Investing from 5.000 € - interest 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.