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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.
LT0000097
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About project
This project provides the HeavyFinance investor community with an opportunity to invest in the development of Lithuanian farms. The funds are collected to increase working capital. The loan will be secured by receivables from the sale of the wheat.
The farmer, who has more than two decades of experience in agriculture, is successfully developing a 202.25 ha farm in Pasvalys district. Crops are grown on the farm - most of the area is covered by wheat, as well as rapeseed, and beans are sown on the farm.
To prepare for this season, the entrepreneur is borrowing 26.500 € to increase working capital.
The farm's heavy equipment fleet currently consists of four tractors, a combine, five trailers, and other equipment needed for harvest preparation. In the near future, the businessman is planning to purchase an additional tractor and expand the variety of crops grown.
Area of declared land: 202.25 ha, of which 23 ha is owned by the farmer.
Anual interest
- Investing from 100 € - interest 8,5%
- Investing from 500 € - interest 9,3%
- Investing from 1.000 € - interest 10%
- Investing from 2.000 € - interest 10,2%
- Investing from 5.000 € - interest 10,5%
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.