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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.
LT0000102
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About project
With this project, we invite the HeavyFinance investor community to invest in the development of a Lithuanian farm heavy machinery fleet. The received funds will be used in order to purchase a new trailed disc harrow from Dotnuva Baltic, UAB. The loan will be secured by pledging the purchased equipment.
The project owner has been successful in the agriculture field for seven years. During this time he expanded his crop farm in Pasvalys district from 60 to 174.86 ha of declared land areas. Beans, wheat, and dill are mainly grown here.
Having recently rented more lands, the project owner is looking for funding opportunities to purchase new equipment. With this project, the farmer borrows 30.000 €, which will be used to purchase a trailed disc harrow Kverneland Qualidisc Pro.
Currently, the farm heavy machinery fleet consists of four tractors, a drill, a combine, a cultivator, and other equipment necessary for harvest preparation.
The entrepreneur is not only planning to purchase new equipment but also to complete the grain storage facility that is now under construction. After acquiring more plots of arable land the farmer expects a successful season, therefore he prepares for it in advance.
HeavyFinance investors have already provided the farmer with financing to purchase another new agricultural equipment unit. With the LT0000100 project the farmer borrowed 41.500 € for a new seeder Kverneland u-drill.
Area of declared land: 174,86 ha, from which 27 ha is owned by the farmer.
Equipment seller: Dotnuva Baltic, UAB
Interest:
- Investing from 100 € - interest 12,1%
- Investing from 500 € - interest 12,8%
- Investing from 1.000 € - interest 13,1%
- Investing from 2.000 € - interest 13,6%
- Investing from 5.000 € - interest 13,8%
- Investing from 10.000 € - interest 14,2%
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.