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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.
LT0000113
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we invite the HeavyFinance investors to fund the development of Lithuanian farm. This loan is intended to supplement working capital and will be backed with three plots of arable land and a used tractor.
The project owner has been developing a crop farm in the Tauragė district for more than two decades. Potatoes and wheat are grown in an area of 61.8 ha.
The farmer owns a combine and two tractors, which are used on the farm. Before the season, the businessman seeks to repair and renew some parts for one of his tractors. To achieve this goal, the farmer borrows 15.000 € from HeavyFinance investors. The loan will be secured by 5.1385 ha of arable land and a used tractor MTZ-82.
Area of declared land: 61,8 ha, from which 40 ha is owned by the farmer.
Annual interest
- Investing from 100 € - interest 10%
- Investing from 500 € - interest 10,8%
- Investing from 1.000 € - interest 11,5%
- Investing from 2.000 € - interest 11,7%
- Investing from 5.000 € - interest 12%
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.