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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.
LT0000092
| 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 Lithuanian farm. The collected funds will be used to purchase a set of center-mounted mowers. The purchased equipment will be pledged to secure the loan.
The borrower has already engaged in farming for 16 years and now successfully manages a 145,81 ha farm in Kelmė district. 110 ha of land is owned by the farmer himself, and the rest is rented. The land of the farm is dominated by maize. The farmer is also planning to sow grain for this year.
The current farm’s heavy equipment fleet consists of two tractors, a drill, a cultivator, a plough, and other necessary equipment for harvest preparation. To ensure the farm’s efficient work, the entrepreneur plans to purchase a set of mowers. To implement this project, the farmer is borrowing from the HeavyFinance investor community 60.000 €. A set of center-mounted mowers, worth 85.910 € will be pledged to secure the loan.
The farmer is planning to purchase another tractor in the nearest future.
Equipment seller: SV technika, UAB
Interest:
- Investing from 100 € - interest 11,2%
- Investing from 500 € - interest 11,9%
- Investing from 1.000 € - interest 12,2%
- Investing from 2.000 € - interest 12,5%
- Investing from 5.000 € - interest 12,7%
- Investing from 10.000 € - interest 12,9%
- Investing from 20.000 € - interest 13,4%
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.