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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.
LT0000250
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About project
Invest in the company with strong development and expansion plans. The loan will be used for the purchase of a livestock farm with all buildings, land and machinery. Investors' funds will be secured by pledging the company's receivables with a value of at least 520.000 €.
The main activity of the company, which has been operating for three years, is the production of meat products. The company produces such products as sausages, rolls, raw meat products. At the same time, the company also cultivates a 660,54 ha farm where rapeseed and winter wheat are grown. Although the company currently buys livestock from other farms, it plans to acquire a livestock farm this year to raise beef cattle. To implement this project, the company will seek to receive funding from HeavyFinance investor community.
Previously, the company was buying cattle from other farms, but it now aims to purchase a livestock farm to raise beef cattle. The total value of the transaction is 500.000 €, of which 250.000 € has already paid from the company's own funds. During this project, the company borrows to cover the remaining value of the transaction, together with the resulting legal costs. The process of registration of property ownership based on the acquired right of claim could take up to four months. After this period, the loan will be refinanced with a loan for 3 years with the pledge of the acquired property.
The company's growth prospects are reflected not only in its expansion plans, but also in the financial statements - last year the company's turnover amounted to almost 1,2 million euros. The income statement for the first three quarter of this year shows that the revenue is already almost 1 million euros.
The scale of the farm activities is huge, so the available fleet of machines is also solid: 2 harvesters, a self-propelled sprayer, 5 tractors (all mentioned so far were funded on HeavyFinance platform ), a truck, 8 trailers, a telescopic loader, a baler, a seed drill, a forage harvester, a mower, and more small technique.
The company currently has four active loans and two have already repaid, in total, the company has paid approximately 210,000 euros in loans and interest from the harvest of 2021. The company's current loan balance is 243,842.23 €.
Area of declared land: 660,54 ha, from which 15 ha is owned by the project owner.
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.