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.
LT0000304
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | - | - |
Revenue |
Net profit |
Equity ratio |
About the project
A farmer started his agricultural business in 2010 with 20 hectares of arable land. Now the farm has expanded to more than 300 hectares in a decade. Dairy cows, beef cattle, and grain are raised on a mixed organic farm.
The farmer has not only invested in the land but also technical fleet, which consists of two tractors, a harvester, and other agricultural implements.
The farmer is now determined to further expand his existing fleet by purchasing additional implements such as an organic harrow, a manure spreader, and a mobile milking parlor. For the purchase of these implements, the farmer has already received the support of the National Paying Agency, which he will receive after the final acquisition of the tools. To ensure the smooth implementation of all equipment purchases, the farmer is borrowing 48.936 € from the HeavyFinance investor community.
It is not the first time the HeavyFinance investor community invests in the farm's development - the businessman currently has an active loan of 52.514 € and makes the loan payments on time.
Area of declared land: 301,62 ha
Annual interest
- Investing from 100 € - interest 10,6%
- Investing from 500 € - interest 11,3%
- Investing from 1.000 € - interest 11,6%
- Investing from 2.000 € - interest 12,1%
- Investing from 5.000 € - interest 12,3%
- Investing from 10.000 € - interest 12,7%
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.