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Agriculture loan
+State guarantee
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.
LT0000157
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 80% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
With this project, we invite you to invest in the development of a company engaged in meat production. The project is intended for the acquisition of four new technical units with the support received from the National Paying Agency. The loan will be secured by the pledge of the purchased equipment.
Hantera, UAB, founded eight years ago, is engaged in the breeding of wild animals and cattle and the trade in the game products. Red deer, David's deer, Daniels, Mouflons, Shetland ponies, and pure-bred Highland and Angus bulls are bred in the areas managed by the company. The farm has a total of 400 animals.
There is a slaughterhouse on the farm, for which operation has received a permit from the State Food and Veterinary Service, which gives the right to provide food handling services. The company also has a meat packinghouse, which produces canned meat. The company sells its products at various fairs and exhibitions.
Besides, from 2015 Hantera receives annual financial support from the Ministry of Agriculture - payments for beef cattle breeding. The firm participated in the Lithuanian Rural Development Program 2014-2020 and has received support for the modernization of the technical fleet.
The growth of the company's profit largely depends on the number of offspring on the farm and purebred cattle breeds. Therefore, the main goals of the company are to increase the growth of cattle and increase the capacity of the meat packinghouse. To successfully implement the goals, the company borrows 56.100 €, which will be used to purchase four technical units - a reversible plow, a mower, a pneumatic seed drill, and a press. For the implementation of the project, the company has received NPA support amounting to 43,994 €.
The company additionally engages in equipment and holiday house rental. Besides, Hantera organizes trips to Hantera enclosures, where you can closely observe wild animals and cattle. You can find out more about it and the activities of the farm on their website.
Equipment seller: Dotnuva Baltic, UAB
Area of farmland: 161 ha, from which 43,72 ha is owned by the company
Annual interest
- Investing from 100 € - interest 8,1%
- Investing from 500 € - interest 8,8%
- Investing from 1.000 € - interest 9,1%
- Investing from 2.000 € - interest 9,6%
- Investing from 5.000 € - interest 9,8%
- Investing from 10.000 € - interest 10,2%
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.