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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.
LT0000078
| 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 finance an equipment loan for a Lithuanian company Doro LT, UAB. The received funds will be used to purchase a used CLAAS LEXION 770TT combine harvester.
Doro LT, UAB is an agricultural machinery rental company based in Kaunas. The company currently uses three heavy machinery units to provide rental services - two combine harvesters and a tractor.
In the third year of business operation, the company earned more than five times more revenue than in the previous period due to the successful sale of equipment and the constantly growing customer demand. The company earned about 133.000 € in equipment sales, and the company's income received from rental services was 112.000 € in 2020.
After finding partners, the company has entered the Latvian market - this event led to the successful growth of the company. Doro LT, UAB has already entered into preliminary lease agreements with future customers and estimates revenue from equipment rental in 2021 between 160.000 and 180.000 €. To grow its income every year, the company plans to expand its heavy-equipment fleet, therefore it borrows 132.900 € for the purchase of a CLAAS LEXION 770TT combine harvester (made in 2014). The purchased equipment will be used for rent in Lithuania and Latvia.
This is not the first company's project on the HeavyFinance platform - at the beginning of the summer, the company borrowed 55.000 € to buy a Case IH Magnum 315 tractor (made in 2013). The company makes loan payments on time.
Interest:
- Investing from 100 € - interest 10,4%
- Investing from 500 € - interest 11%
- Investing from 1.000 € - interest 11,3%
- Investing from 2.000 € - interest 11,4%
- Investing from 5.000 € - interest 11,5%
- Investing from 10.000 € - interest 11,6%
- Investing from 20.000 € - interest 11,8%
- Investing from 30.000 € - interest 12,1%
- Investing from 40.000 € - interest 12,8%
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.