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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.
LT0000158
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project provides HeavyFinance investor community with an opportunity to invest in an equipment loan for the Lithuanian cattle farm. The farmer will purchase a used tractor „Renault Ares 710RZ“ made in 1999.
This loan is secured by a first-hand mortgage on the purchasing tractor and the one that he already owns (Fendt 312 Vario).
The businessman has been farming for almost two decades and now declares 51 hectares of arable land in Marijampolė district, Lithuania, where he grows beef cattle.
The farmer already has two tractors, a press-wrapper and other smaller instalments. One more tractor will help him to expand his farm and get into the field of growing grain.
Equipment seller: Vilgintos sprendimai, MB
Area of declared land: 51 ha land
Annual interest
- Investing from 100 € - interest 9,5%
- Investing from 500 € - interest 10,3%
- Investing from 1.000 € - interest 11,0%
- Investing from 2.000 € - interest 11,2%
- Investing from 5.000 € - interest 11,5%
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.