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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.
LT0000249
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project provides the HeavyFinance investor community with an opportunity to invest in the expansion of the farm's technical fleet. The collected funds will be used to purchase a used tractor and the loan will be secured by a pledge of a purchased equipment unit and 2,76 hectares of land.
The businessman established the farm in 2018 and currently declares 65.35 hectares of arable land in Kupiškis district, Lithuania. Wheat, rapeseed, and barley are grown on the farmland. Currently, the tractor, cultivator, and sprayer are used on the farm.
To successfully prepare for the season, the project owner already borrowed 15.000 € from the HeavyFinance investor community. The farmer makes loan payments on time.
The farmer is now looking for financing to acquire a John Deere 6930 Premium tractor. Soon the farmer plans to rent additional land plots, buy a seeder and a combine harvester to make the processes more efficient.
Equipment seller: Margučiai, UAB
Annual interest
- Investing from 100 € - interest 11,1%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,1%
- Investing from 2.000 € - interest 12,6%
- Investing from 5.000 € - interest 12,8%
- Investing from 10.000 € - interest 13,2%
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.