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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.
LT0000285
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
Nowadays farmers understand that in order to maintain a competitive and viable farm, it is necessary to modernize it and upgrade technologies and machinery.
The young farmer has a lot of energy to expand the farm and has included several new improvements in his future plans, but working with old machinery causes unnecessary risks and insufficient efficiency which are the main obstacles to further development.
Encouraged by his parents and inspired by the idea of farming, the farmer grows the main cereals: rye, barley, rape, peas. Today, the farmer is not planning to experiment with new crops but relies on experience, convenient sales, and profitability indicators. In addition to cereals, the farm began growing strawberries, which have already made a profit this season.
A working capital loan is requested for the acquisition of the drill.
The total area of arable land on which crop activities are carried out together with relatives is 19.5 hectares
Area of declared land: 4.65 hectares, from which 4.65 hectares are owned by the project owner
Annual interest
- Fixed annual rate 13,5 %
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.