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.

LT0000094

Goal
106,500 €
Raised
106,500 €
100%
Return rate
From 11.8%
Rating
C
Period
33
Time left
LTV
23%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxxxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

This project provides HeavyFinance investor community with an opportunity to invest in an agricultural loan for a mixed ecological farm. The businessman has been sowing buckwheat, hemp, clover and also growing cattle.

The business is using 183,6 hectares of arable land, 52 hectares of which is owned by the businessmen himself. Over the past several years he also made some significant investments in modernizing the farm. Therefore, he has many heavy-duty vehicles that are not older than 4 years old. He has a combine harvester, tractor, plough, bale wrapper, cow milking equipment among the other needful items. 

Due to heavy investments in modernization, the businessman got short in capital to cover his liabilities. He asked a local bank to extend his loan but got rejected. After missing an instalment, seizure of property pledged as collateral (almost 52 hectares of arable land, agricultural equipment and a car) started.

Seeing a conservative approach from banks, liquid assets pledged as collateral and farmer’s effort in getting from a difficult financial situation, we decided to offer HeavyFinance investor community to invest in this loan. With the money received the farmer would refinance the loan and pledge his land as collateral to investors in this project. Interest:

  • Investing from 100 € - interest 11,8%
  • Investing from 500 € - interest 12,4%
  • Investing from 1.000 € - interest  12,7%
  • Investing from 2.000 € - interest 12,9%
  • Investing from 5.000 € - interest  13,2%
  • Investing from 10.000 € - interest 13,4%
  • Investing from 20.000 € - interest 13,7%
  • Investing from 30.000 € - interest 14,1%


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.