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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.
LT0000121
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, we invite HeavyFinance investors to contribute to the funding of the Lithuanian farm. The project owner is borrowing to increase the working capital of the farm. A used combine harvester will be pledged to secure the loan.
The businessman is managing a 40.92 ha farm in the Kėdainiai district since 2015. Oilseed rape, wheat, barley, and peas are grown here. To prepare for summer, the farmer borrows 6.200 € to cover small farm-related expenses. The loan will be secured by a used combine harvester Massey Ferguson 38.
The farm's heavy equipment fleet consists of a tractor and previously mentioned combine harvester. Soon, the project owner plans to purchase an additional tractor for more efficient work.
Area of declared land: 40,92 ha
Annual interest
Fixed annual interest rate - 10%
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.