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.
LT0000319
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Dirbama žemė | - | - |
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About the project
The young businesswoman, who has been working in the food industry for almost two years, is now planning to open a restaurant in her home village. A woman, who has acquired the basics of farming and business management from her parents, has already received the National Paying Agency support for the establishment of a restaurant in Dusetos eldership, Zarasai district. The project owner claims that there is a lack of such a restaurant in the area - there is only one small restaurant in the village providing mourning lunch, therefore the new restaurant would diversify the choice of catering not only for residents but also for people, coming to spend their vacations in the area.
The project owner has experience in working in the manor during various events as well as in a food cooperative. All those activities gave the young entrepreneur the necessary knowledge about food supply, production, and catering business development.
The woman hopes to open the restaurant before spring, as the number of visitors to the area increases significantly as the weather begins to warm. To implement the plans, the project owner is borrowing 11.300 € from the HeavyFinance investor community to cover installation costs. The loan will be secured by a pledge of 7,73 hectares land plot.
Annual interest - 12,5%
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.