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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.
LT0000118
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| 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
With this project, we invite the HeavyFinance investor community to invest in the development of the relatively new farm. The funds are collected for the purchase of a mower and a front loader. The loan will be secured by the purchased equipment and an 80% individual state guarantee.
The farmer cultivates a 6.49 ha mixed farm in the Alytus district. Beef cattle, potatoes, and pumpkins are grown on the farm. The farm's technical fleet consists of a tractor, a truck, a potato harvester, and a plough. Besides, the owned heavy machinery is used to supply services such as plowing and sowing to other farms.
Currently, the businessman is planning to expand the equipment fleet with a used mower and front loader, therefore he borrows 12.000 € for this purpose.
Further development of the farm is not limited to the equipment expansion - the businessman is planning to acquire new plots of land and purchase up to 20 cattle this year.
Area of declared land: 6,49 ha
Annual interest
- Investing from 100 € - interest 9,4%
- Investing from 500 € - interest 10,1%
- Investing from 1.000 € - interest 10,7%
- Investing from 2.000 € - interest 11,3%
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.