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.

LT0000144

Goal
51,590 €
Raised
51,590 €
100%
Return rate
up to 11.7%
Rating
A
Period
6
Time left
LTV
62%
Country
Lithuania
Loan purpose
Equipment purchase
Business information
Security measures
Loan history
Project owner Address
Xxšxx Čxxxxxxxxxxxė, Xxxxxxų ūxxx, ŽŪX
header_1 Declared Owned
Dirbama žemė--
Revenue
Net profit
Equity ratio
Project description
Documents
Payment schedule

This loan project is intended for the development of the Lithuanian agricultural company Bernotų ūkis. The company is borrowing for the purchase of a used self-propelled sprayer John Deere 5430i. The loan will be secured by pledging the purchased technical unit.

The company, operating for three years, produces various meat products, like sausages, rolls, raw meat production. At the same time, the firm cultivates a 620.8 ha farm where oilseed rape and winter wheat are grown.

The company's technical fleet consists of a combine harvester, sprayer, grain storage, and dryer. Currently, Bernotų ūkis is planning to acquire an additional self-propelled sprayer and is borrowing 51.590 to implement this project.

Although the firm currently purchases cattle from other farms, it plans to acquire a livestock farm in the near future that will be used to raise beef cattle.

Annual interest

  • Investing from 100 € - interest 9,6%
  • Investing from 500 € - interest 10,3%
  • Investing from 1.000 € - interest 10,6%
  • Investing from 2.000 € - interest 11,1%
  • Investing from 5.000 € - interest 11,3%
  • Investing from 10.000 € - interest 11,7%

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.