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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.
LT0000147
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This HeavyFinance project is intended for the development of the Lithuanian farm. The collected funds will be used for the purchase of a trailed sprayer. The loan will be secured by pledging a used tractor.
The farmer, who has been actively engaged in agriculture since 2013, currently manages a 175-hectare crop farm. Spring and winter wheat, barley, oilseed rape, and peas are grown here.
The businessman works on the farm with the help of two tractors, a combine harvester, and other attachments, such as a drill. Currently, the farmer plans to expand the farm machinery fleet with a trailed sprayer, for which he borrows 11.500 €.
Area of declared land: 166,01 ha, from which 9 ha is owned by the farmer. The current farm area is 175 ha as the farmer has recently rented more land.
Annual interest
- Investing from 100 € - interest 8,25%
- Investing from 500 € - interest 8,95%
- Investing from 1.000 € - interest 9,55%
- Investing from 2.000 € - interest 10,15%
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.