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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.
LT0000270
| 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 80% 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
With this project, we invite you to invest in the development of a farm's technical fleet. The farmer manages a 77.55 ha farm in Kelmė district, where cereals, wheat, and rapeseed are grown. The farm's technical fleet consists of a combine harvester, smaller equipment units, and a tractor purchased four years ago with the support of the National Paying Agency. The project owner is now planning to acquire another tractor - after receiving an individual state guarantee, the farmer is borrowing from the HeavyFinance investor community for a new Deutz-Fahr Agrotron 8280 TTV tractor.
This year, the businessman plans to rent more farmland - he is on the final stages of a lease agreement for 70 hectares.
Equipment seller: Biržų žemtiekimas, UAB
Area of declared land: 77,55 hectares, from which 67 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 9,5%
- Investing from 500 € - interest 10,0%
- Investing from 1.000 € - interest 10,1%
- Investing from 2.000 € - interest 10,3%
- Investing from 5.000 € - interest 10,4%
- Investing from 10.000 € - interest 10,5%
- Investing from 20.000 € - interest 10,6%
- Investing from 30.000 € - interest 10,8%
- Investing from 40.000 € - interest 11,2%
- Investing from 50.000 € - interest 12,0%
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.