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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.
LT0000289
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The businessman owns a mixed farm, where he raises dairy cows, cattle and grows grain. The farm which is based in Molėtai region, Alanta town grew over a decade from 20 hectares of land to more than 300 hectares of agricultural land.
Over the years, the owner of the farm has been investing not only in purchasing land but also in modernization. Consequently, he has a couple of tractors, a mixed wagon, many needful instalments.
The farmer already has a 50.000 € loan from HeavyFinance that is reaching the end of the agreed 15 months period. The farmer already paid 6.806 € interest. Now, he seeks to refinance this loan in order to continue investing in seeding winter crops and increasing the efficiency of the farm.
Annual interest
- Investing from 100 € - interest 9.6%
- Investing from 500 € - interest 10.3%
- Investing from 1.000 € - interest 10.6%
- Investing from 2.000 € - interest 11.1%
- Investing from 5.000 € - interest 11.3%
- Investing from 10.000 € - interest 11.7%
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.