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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.
LT0000109
| 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 finance a Lithuanian crops farm. The collected funds will increase the farm's working capital. The loan will be secured by receivables from the sale of the rapeseed.
The project owner has almost two decades of experience in the agriculture sector. She is developing a 308.8 ha farm in Panevėžys district, where spring and winter wheat, rapeseed, and peas are grown here.
The farm's heavy equipment fleet currently consists of three tractors, a sprayer, a cultivator, a drill, a combine, and other equipment necessary for maintaining the successful farm. For a complete preparation for the upcoming season, the businesswoman aims to borrow 25.000 € to increase working capital. The funds raised will be used to purchase tractor parts, fortifications for the storage of oilseed rape, and to cover fuel costs.
The farm's financial statements show that in 2019 the farm did not make any profit. The unfavorable situation was due to the infertile season. However, the financial results of 2020 show that the farm has recovered - last year the profit reached almost 130.000 €.
The entrepreneur already has further plans for the development of the farm - she plans to renovate the grain dryer and buy a spreader.
Area of declared land: 308,8 ha
Annual 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.