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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.
LT0000219
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 165.45 ha | 50.60 ha |
| 20201 | 2021 | 2020 | |
|---|---|---|---|
| Revenue | - | 49,029.00 € | 57,868.00 € |
| Net profit | - | 25,429.00 € | 36,641.00 € |
| Equity ratio | 70.07% | - | - |
Documents
Payment schedule
About the project
This project gives the HeavyFinance investors the opportunity to invest in a Lithuanian company, which specializes in livestock breeding. The financing will be used to increase the number of beef cattle and biological assets (beef cattle) that will be pledged to secure the loan.
Ekoangus, UAB is engaged in breeding and growing Angus breed cattle in the Mažeikiai district. Currently, 150 beef cattle graze on the farm, and the most fertile areas of the farm are devoted to the cultivation of feed.
The company's goal is to increase the number of cattle kept. The company forecasts that the income and profit from operations will grow and create more opportunities for the company's development. In the future, Ekoangus, UAB plans to purchase more beef cattle, rent more land and install additional buildings used for cattle. This year is a very successful year for the company - in the first half of the year revenue level has almost reached the sales income of the previous year.
In 2020, the farm received less income and made less net profit compared to the previous year. The head of the company claims that the deterioration in the results was due to the cyclicality of the branch of the farm - there were many young cattle that were not yet suitable for sale. Now, there are more cattle ready for sale on the farm.
The company has already borrowed 53.000 € from HeavyFinance for the purchase of the CASE IH Farmall 150U tractor with Quicke X46 front loader and Wielton PRC-2B-W12 semi-trailer.
Area of declared land: 165,45 ha, from which 50,60 ha is owned by the company.
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.