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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.
LT0000077
| 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 Lithuania-based farm. The funds are being collected to purchase new equipment - a tractor, a front-mounted mower, and a rake. The purchased heavy equipment will be pledged as collateral to secure the loan.
The project owner has been engaged in farming since 2012 and now has 110.59 ha of land in the Rokiškis district, Lithuania. Sheep and dairy cattle are grown on the farm, as well as crop production is developed there.
Preparing for the upcoming season, the entrepreneur aims to expand the existing heavy-equipment fleet. Therefore, he is borrowing 60.900 € from the HeavyFinance investor community. The received funds will be used for the purchase of new equipment:
- Massey Ferguson MF6713S tractor
- Massey Ferguson DM 306 FZ mounted front mower
- Massey Ferguson RK 662 SD-TRC trailed rake.
The farmer has already received support from the National Paying Agency (NPA), which will reimburse up to 48% of the total eligible project costs. The support received by the farmer can cover up to 48.000 €. The farmer will receive support after submitting the equipment purchase documents to the NPA. The support should be received by the end of October.
The farm’s financial statement shows lower income in 2020, compared to 2019. It happened due to the fact that harvest buyers did not have sufficient funds to pay farmers in time. Consequently, the farm has 20 tons of oats from last year and the sale of these crops will already be recorded in the 2021 financial statements.
Currently, the farm’s technical fleet consists of several tractors, a combine harvester, a drill, a cultivator, a mower, and other technical implements necessary for farm operations.
Interest:
- Investing from 100 € - interest 11,7%
- Investing from 500 € - interest 12,4%
- Investing from 1.000 € - interest 12,7%
- Investing from 2.000 € - interest 13%
- Investing from 5.000 € - interest 13,2%
- Investing from 10.000 € - interest 13,4%
- Investing from 20.000 € - interest 13,9%
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.