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Agriculture loan
+State guarantee
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.
LT0000106
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
This project provides HeavyFinance investors with the opportunity to invest in the development of the Lithuanian farm. The collected funds will be used to purchase a used telescopic loader JCB 541-70 Agri, and the loan will be secured by the purchased technical unit.
The businessman, who has been managing his farm for 26 years, is currently developing 320,6 ha of arable land in the Kaišiadorys district. Wheat, rye, barley, rapeseed, and other crops are grown here.
While actively preparing for the upcoming season, the farmer is planning to expand his heavy machinery fleet with a telescopic loader, therefore the businessman borrows 31.581 € for this purpose. Currently, eight tractors, two combine harvesters, and other small machinery are used on the farm.
Equipment seller: Nova rent, UAB
Area of declared land: 320,6 ha, from which 64,85 ha is owned by the farmer
Annual interest
- Investing from 100 € - interest 7,6%
- Investing from 500 € - interest 8,3%
- Investing from 1.000 € - interest 8,6%
- Investing from 2.000 € - interest 9,1%
- Investing from 5.000 € - interest 9,3%
- Investing from 10.000 € - interest 9,7%
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.