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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.
LT0000128
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| 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
The businessman has a mixed ecological farm in Lithuania, Klaipėda county. He grows more than 70 dairy cows and more than 70 beef cattle. Furthermore, he grows spelt wheat, oats, buckwheat among other grain crops. After more than six years of farming, he owns more than 70 hectares of arable and rents almost 400 hectares more.
The businessman already has one loan taken from HeavyFinance investor community to purchase a tracked excavator. He has been making payment on time.
Now, the farmer seeks to purchase a tractor semi-trailer Umega PI20 with one more loan from HeavyFinance investor community. It will help him to increase efficiency and prepare for harvesting.
Annual interest
- Investing from 100 € - interest 7,6%
- Investing from 500 € - interest 8,3%
- Investing from 1.000 € - interest 8,6%
- Investing from 2.000 € - interest 9,1%
- Investing from 5.000 € - interest 9,3%
- Investing from 10.000 € - interest 9,7%
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.