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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.
LT0000116
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, we provide the HeavyFinance investor community with an opportunity to invest in the development of the company's technical fleet. The firm is borrowing for the purchase of a used John Deere 9510RT tractor. The purchased technical unit will be pledged to secure the loan.
Established in 2013, Magava, UAB is a used heavy equipment rental and sales company based in Lithuania. Seeing that the market for heavy equipment rental is increasing, the company wants to expand operations. Due to this reason company is borrowing 92.900 € to purchase a tractor, which will be used for rent.
The HeavyFinance community has already invested in two of the company's projects to acquire two combine harvesters. The company's current loan portfolio is 227.240 €.
Equipment seller: Nova rent, UAB
Annual interest
- Investing from 100 € - interest 9,8%
- Investing from 500 € - interest 10,4%
- Investing from 1.000 € - interest 10,7%
- Investing from 2.000 € - interest 10,9%
- Investing from 5.000 € - interest 11,2%
- Investing from 10.000 € - interest 11,4%
- Investing from 20.000 € - interest 11,7%
- Investing from 50.000 € - interest 12,1%
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.