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.

LT0000114

Goal
50,330 €
Raised
50,330 €
100%
Return rate
From 9.1%
Rating
B
Period
29
Time left
LTV
57%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxxxx
header_1 Declared Owned
Farming land--
Revenue
Net profit
Equity ratio
Project description
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 is intended for the development of the Lithuanian mixed farm heavy machinery fleet. We invite the HeavyFinance investor community to invest in an equipment loan for a new tractor with the support of the National Paying Agency. The loan will be secured by the purchased new equipment and an 80% individual state guarantee.

The businessman, who has more than 25 years of experience in agriculture, manages a 123 ha mixed farm in the Mažeikiai district. Crops, such as wheat, barley, and other crops, as well as beef cattle are grown on the farm.

The farm's equipment fleet consists of a tractor and other necessary equipment. To modernize the farm, the project owner has received NPA support for the purchase of new equipment. The first stage of the support is intended for the purchase of a New Holland T7.175 tractor. The grant amount for the project is 34.000 €. The support will be paid to the businessman by the end of the summer after the purchase of the tractor.

In the coming years, the farmer is planning to implement the second stage of the received support by purchasing more new machinery. 

Equipment seller: Lytagra, AB

Annual interest

  • Investing from 100 € - interest 9,1%
  • Investing from 500 € - interest 9,8%
  • Investing from 1.000 € - interest 10,1%
  • Investing from 2.000 € - interest 10,6%
  • Investing from 5.000 € - interest 10,8%
  • Investing from 10.000 € - interest 11,2%

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.