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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.
LT0000140
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About project
With this project, we provide the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian mixed farm. The loan is intended for the purchase of a new tractor Claas ARION 440 with a front-end loader and will be secured by pledging a purchased technical unit.
The farmer, who has 16 years of agricultural experience, cultivates a 136.41 ha mixed farm in the Lazdijai district. Fifty dairy cattle are currently raised on the farm as well as wheat and oilseed rape sown in the most fertile areas.
A couple of tractors, a combine harvester, a rake, and other necessary equipment are used to keep the farm efficient. After receiving support from the National Paying Agency (NPA), the farmer is planning to purchase a new tractor. For this particular project, he received a grant of 24.920 €, which will be paid after the final payment of the equipment. For the final implementation of this project, the farmer borrows 55.840 € from the HeavyFinance investor community.
The farmer's HeavyFinance loan portfolio from the previous project is 29.500 €.
Equipment seller: Baltic Agro Machinery, UAB
Area of declared land: 136,41 ha, from which 20 ha is owned by the farmer
Annual interest
- Investing from 100 € - interest 10,6%
- Investing from 500 € - interest 11,3%
- Investing from 1.000 € - interest 11,6%
- Investing from 2.000 € - interest 12,1%
- Investing from 5.000 € - interest 12,3%
- Investing from 10.000 € - interest 12,7%
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.