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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.
LT0000148
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
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 combine harvester John Deere T560. 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 combine harvester and is borrowing 73.600 €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.
It is not the first company’s loan on the HeavyFinance platform - last week two projects were listed and fully financed. The company's loan portfolio, including this project, is 200.190 €.
Area of declared land: 620,8 ha, from which 15 ha is owned by the farmer.
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.