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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.
LT0000350
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
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 the technical fleet, which consists of two tractors, a harvester, and other agricultural implements. For further development of the equipment fleet, the farmer received support from the National Paying Agency, and HeavyFinance investors collected the missing amount for the full implementation of the project.
The farmer now borrows to cover the costs related with the machinery. Of the three loans taken out earlier, one has already been fully repaid, so the current loan balance of the project owner is 101.450 €. Loan installments are covered on the schedule.
Area of declared land: 301,62 hectares
Annual interest - 12%
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.