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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.
LT0000135
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides HeavyFinance investors with the opportunity to invest in the development of the Lithuanian mixed farm. The financing will be used to purchase a new drill and a trailer tedder. The purchased equipment will be pledged to secure the loan.
The businessman, who has been engaged in farming for the last 16 years, successfully manages a 106.06 ha mixed farm in Kalvarijos municipality. Part of the farm is covered by pastures, where 131 cattle currently graze. Both beef and dairy cattle are raised on the farm. The most fertile areas of the land are intended for crop production - corn, wheat, and oats are grown there.
The farm's heavy machinery fleet consists of several tractors, a combine, a baler, and other necessary equipment. Most of the heavy equipment has been purchased with the support of the National Paying Agency (NPA). The farmer received the NPA support for this project as well, which amount is 39.303 €. The project owner is borrowing from the HeavyFinance investor community 62.942 € for the remaining funding for new heavy equipment units.
The farm development plans are not limited with this project - the farmer is thinking about acquiring more livestock and expanding the rented land plot.
This is not the first farmer's loan project - the businessman previously borrowed 14.187 € to purchase a new cultivator with NPA support. The loan payments are made on time.
Equipment seller: Lytagra, AB - official representative of the German KRONE and Amazone plant in Lithuania
Area of land declared: 106.06 ha
Annual interest:
- Investing from 100 € - interest 10,7%
- Investing from 500 € - interest 11,4%
- Investing from 1.000 € - interest 11,7%
- Investing from 2.000 € - interest 12,0%
- Investing from 5.000 € - interest 12,2%
- Investing from 10.000 € - interest 12,4%
- Investing from 20.000 € - interest 12,9%
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.