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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.
LT0000159
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
With this project, HeavyFinance invites you to invest in the development of the Lithuanian livestock farm. The working capital loan will be secured by a pledge of 6.75 ha of land in the Kretinga district.
The businessman, who has been engaged in agriculture for more than two decades, is developing a livestock farm that raises both beef and dairy cattle. Currently, the farmer has about 70 beef cattle and six dairy cows, but gradually the farmer plans to fully switch to beef cattle breeding.
The farm's technical fleet consists of a round baler and a mower.
Currently, the project owner needs an additional 15.600 € to increase the farm's working capital.
Area of declared land: 39,92 hectares, which is owned by the farmer. Additionally, he is renting 20 hectares of land, which is declared by the landowners.
Annual interest
- Investing from 100 € - interest 10,0%
- Investing from 500 € - interest 10,8%
- Investing from 1.000 € - interest 11,5%
- Investing from 2.000 € - interest 11,7%
- Investing from 5.000 € - interest 12,0%
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.