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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.
LT0000327
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The company Uosintas, UAB, established in 2013, provides such services as terrain leveling, excavation of ponds, and other land preparation works.
As the intensity of work and the volume of orders increase, the company's technical fleet is not sufficient enough to provide all the services. Now Uosintas, UAB has two excavators of different sizes, a bulldozer, and a tractor, and is borrowing to purchase another excavator. The loan will be secured by the purchased equipment.
Although the company has suffered losses in recent years due to a decreased number of orders from small customers during the pandemic, 2021 is extremely successful for the company - by receiving a large order to build a quarry, the company earned more revenue than usual. The head of the company claims that this large customer is planning to cooperate with Uosintas, UAB in the future, as the quality of services provided met the customer's requirements. In general, the company plans to focus more on the execution of larger orders, as this brings more revenue - with additional equipment, it will be easier to carry out larger projects.
Equipment seller: Batra, UAB
Annual interest
- Investing from 100 € - interest 12,0%
- Investing from 500 € - interest 12,8%
- Investing from 1.000 € - interest 13,5%
- Investing from 2.000 € - interest 13,7%
- Investing from 5.000 € - interest 14,0%
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.