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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.
LT0000244
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project provides the HeavyFinance investor community with an opportunity to finance a loan of a Lithuanian leader in renting second-hand machinery - Nova rent. The collected funds will be used to acquire a used tractor John Deere 8370R.
Launched in 2017, Nova rent is a leader in used equipment rental and service in Lithuania, which is successfully expanding its operations abroad. HeavyFinance investor community has already fully invested in several loans listed on the platform - the total current company's loan portfolio is 528.170 €. Nova rent has already repaid three loans, which value was 254.000 €.
The company is now borrowing 104.000 € to buy a tractor John Deere 8370R (made in 2017). The loan will be secured by pledging the purchased equipment, which is worth 148.830 € including VAT.
Annual interest
- Investing from 100 € - interest 8,8%
- Investing from 500 € - interest 9,4%
- Investing from 1.000 € - interest 9,7%
- Investing from 2.000 € - interest 9,9%
- Investing from 5.000 € - interest 10,2%
- Investing from 10.000 € - interest 10,4%
- Investing from 20.000 € - interest 10,7%
- Investing from 30.000 € - interest 11,1%
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.