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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.
LT0000186
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we invite you to invest in the development of a Lithuanian organic farm. The farm, established in 2004, is based on the breeding of limousine beef cattle and the production of meat products. The farmer started raising beef cattle quite recently - before that farm was engaged in dairy farming. More than 200 beef cattle are currently grazing free there. The farm nurtures sustainability principles, therefore the products are made without dyes, flavor enhancers, and preservatives. The meat products are sold to customers living in the area, as well as on the farm's website.
The farm heavy equipment fleet consists of several tractors, fodder preparation equipment, excavator, plowing equipment.
Currently, 12.300 € is needed for farm development, which will be used to cover small seasonal costs. The loan will be secured by 8,8755 ha of land. To implement future development plans, the project owner aims to increase the number of customers and provide products for local restaurants.
This is not the first loan of this farm on the HeavyFinance platform - the farmer previously borrowed 10.000 € to cover some seasonal costs.
Area of declared land: 258,02 hectares, from which half of the land is owned by the project owner
Fixed annual interest - 10%
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.