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Agriculture loan
+State guarantee
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.
LT0000257
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
The farmer got granted an individual guarantee of 50% provided by a governmental development institution Agricultural Credit Guarantee Fund. Individual guarantee means that in case of a default, the Fund pays the difference between the unpaid credit amount or any portion thereof, and the income received by the credit institution from the exaction. Please read more about individual guarantees and benefits this scheme provides for investors in our news section.
About the project
The businessman has a mixed ecological farm in Lithuania, Klaipėda county. Currently, over 80 dairy cows and over 70 beef cattle are raised on the farm. On the most fertile land plots spelled winter wheat, oats, buckwheat, and other crops are grown. After more than six years of farming, the businessman manages more than 300 hectares of land. Every year, the farmer introduces new crop cultures, which allows the farm to earn more income.
Now the farmer is seeking to purchase a seeder Horsch Pronto 6DC PPF. For this project, the project owner is borrowing 31.339 €. The loan will be secured by a pledge of purchased equipment and the received individual guarantee.
The farm has already received an individual state guarantee to purchase a tractor-trailer. To buy this trailer and excavator, the farmer borrowed from the HeavyFinance investor community - the loan portfolio amounts to 117.590 €. Loan payments are made on time.
Area of declared land: 313,11 hectares, from which 70 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 7,6%
- Investing from 500 € - interest 8,3%
- Investing from 1.000 € - interest 8,6%
- Investing from 2.000 € - interest 9,1%
- Investing from 5.000 € - interest 9,3%
- Investing from 10.000 € - interest 9,7%
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.