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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.
LT0000154
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides the HeavyFinance investor community with an opportunity to invest in the development of the Lithuanian organic farm. The collected funds will be used to cover the costs of the season. The loan will be secured by contract for the crop sale and the receivables from the sale of the oats.
The businesswoman has already engaged in mixed farming for 15 years and now successfully manages a 147,75 ha organic farm in the Anykščiai district. 85 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. Now there are 31 beef cattle on the farm's pastures.
The businesswoman is borrowing 26.000 € to cover some costs related to the seasonal work.
The farm's technical fleet consists of a combine harvester, a tractor, and a trailer for transporting grain. The farmer's current loan portfolio amounts to 95.700 € - the previous loan was dedicated to a new tractor, which was purchased with the received support from the National Paying Agency.
By mid-autumn, the businesswoman plans to increase the number of beef cattle on the farm.
Area of declared land: 147,75 ha
Annual interest
- Investing from 100 € - interest 8,5%
- Investing from 500 € - interest 9,3%
- Investing from 1.000 € - interest 10,0%
- Investing from 2.000 € - interest 10,2%
- Investing from 5.000 € - interest 10,5%
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.