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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.
LT0000273
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we invite you to invest in the expansion of Lithuanian company Verslo Valstija, UAB. The project is aimed at the acquisition of 3 plots of arable land, which totals to almost 3 hectares. The loan will be secured by a first-hand mortgage on the purchased land.
UAB Verslo Valstija, founded eight years ago, currently uses about 570 ha of land for its activities and has also created over 17 jobs. With a great expansion vision, the farm is actively developing crop production - wheat, rape and barley. Biofuel production and storage services are also provided, which account for about 10% of the company's turnover. In 2021, the company's management expects a profitable season - although a similar area of crops was sown as last year after the modernization of the technical fleet, a higher tonnage per hectare is expected.
The company's heavy machinery fleet consists of several different tractors, a combine, a drill, a cultivator, a telescopic loader, and other equipment necessary for the activities.
This is not the first company project financed on the HeavyFinance platform, the company has been granted loans for 258.470 €. The company fulfils its obligations to investors on time.
Area of land declared: 568.26 ha, all owned.
Annual Interest
- Investing from 100 € - interest 10.10%
- Investing from 500 € - interest 10.80%
- Investing from 1.000 € - interest 11.10%
- Investing from 2.000 € - interest 11.60%
- Investing from 5.000 € - interest 11.80%
- Investing from 10.000 € - interest 12.20%
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.