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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.
LT0000081
| 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 Lithuanian agriculture company’s development. The funds are collected to increase the company’s working capital. A reversible plough Overum VF-CXP 5975 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 the money borrowed from HeavyFinance investor community. The company also borrowed 15.300 € from our investor community to purchase 3 ha of arable land. The Company makes loan payments on time. The last company's project was intended for the acquisition of a 4 ha plot of land in the Telšiai district, for which the company borrowed 19.900 €. The amount was recently paid to the company.
Now the company seeks to increase the working capital by 9.500 €. The company will use reversible plough Overum VF-CXP 5975 as collateral for this loan.
Interest:
Fixed annual interest rate - 11,5%
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.