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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.
LT0000215
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
This project is aimed to collect funds for the development of Lithuanian crops farm. The farmer has been engaged in crop production since 2003. She grows wheat and oilseed rape on her farm in the Šakiai district. The farm’s heavy machinery fleet consists of a tractor, a combine harvester, and other smaller agricultural implements. The project owner is borrowing for the purchase of a tractor trailer.
Besides, the farmer has more goals for 2021. She is planning to increase the farmland to 125 ha and start sowing beans.
This is not the first project owner's loan on the HeavyFinance platform - the farmer has recently borrowed 64.920 € to purchase a used tractor trailer. The loan payments are made on time.
Area of declared land: 118,95 ha, from which 34,3 ha is owned by the farmer.
Annual interest - 13%
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.