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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.
LT0000083
| 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 development of the Lithuania-based farm. The funds are being collected to increase working capital. A used telescopic loader will be pledged as collateral to secure the loan.
The farmer owns 11.61 ha of the mixed farm in the Kalvarijos district. Dairy cattle are grown on the farm as well as wheat and oilseed rape are sown in the most fertile areas of the farm. Besides, the project owner actively contributes to the farm developed by his family member. The total family farm covers an area of almost 150 hectares.
Before the upcoming season, the businessman seeks to increase the farm’s working capital, therefore he borrows 20.000 € from the HeavyFinance investor community. The collected funds will be used to purchase the needed equipment for efficient farming activities. Currently, the heavy-equipment fleet in the farm consists of two tractors and a telescopic loader. This telescopic loader JCB 531-70, made in 2014, will be pledged to secure the working capital loan.
An entrepreneur is also looking for ways for further expansion of the farm. Together with another family member, he plans to submit agricultural development projects to the National Paying Agency and thus receive funding for the implementation of further development of the farm.
Interest:
- Investing from 100 € - interest 12,5%
- Investing from 500 € - interest 13,3%
- Investing from 1.000 € - interest 14%
- Investing from 2.000 € - interest 14,2%
- Investing from 5.000 € - interest 14,5%
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.