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.
LT0000294
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | - | - |
Revenue |
Net profit |
Equity ratio |
About a project
This project is dedicated to the development of the Lithuanian capital agricultural company Bernotų Ūkis. The loan will be used for the purchase of grain storage, cultivator and small seeds drill.
The main activity of the company, which has been operating for three years, is the production of meat products. The company produces such products as sausages, rolls, raw meat products. At the same time, the company also cultivates a 660,54 ha farm where rapeseed and winter wheat are grown. Although the company currently buys livestock from other farms, it plans to acquire a livestock farm in the near future to raise beef cattle. The scale of the farm activities is huge, so the available fleet of machines is also solid -2 harvesters, self-propelled sprayer, 5 tractors (all mentioned so far were funded on HeavyFinance platform ), truck, 8 trailers, telescopic loader, baler, seed drill, forage harvester, mower, and more small technique.
This is not the first loan of the company on the HeavyFinance platform - we have previously announced four company projects that have received the necessary attention from investors. The total balance of the loans is 298,790 €.
It is important to notice that Heavyfinance has signed a tripartite agreement between the company and the grain buyer, according to which the grain buyer will pay HeavyFinance directly more than 220,000 € for the grain removed. This amount of money will fully cover projects no. LT0000144 and LT0000146, as well as ~ 30,000 €, will be divided to project no. LT0000148 as a partial repayment and ~ 40,000 € will be directed to project no. LT0000149 for a partial return. The schedule of the inflows is made from 17/09/2021 to 17/10/2021 making partial payments.
Area of declared land: 660,54 ha, from which 15 ha is owned by the farmer.
Annual interest
- Investing from 100 € - interest 11,90 %
- Investing from 500 € - interest 12,50 %
- Investing from 1.000 € - interest 12,80 %
- Investing from 2.000 € - interest 12,90 %
- Investing from 5.000 € - interest 13,00 %
- Investing from 10.000 € - interest 13,10 %
- Investing from 20.000 € - interest 13,30 %
- Investing from 30.000 € - interest 13,60 %
- Investing from 40.000 € - interest 14,30 %
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.