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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.
LT0000363
| 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
Having started farming in 2014, the businessman expanded the crop farm to nearly 70 hectares. The farmer grows wheat here and is preparing to sow 20-30 hectares of peas starting next year.
"When farming, I try to use tried-and-true farming methods and plant only those crops that I know will bring a good harvest. I get along very well with the local neighboring farmers, and I have learned from them that peas are fertile in our soil. Besides, I received a good offer to buy seeds at a lower price, so I intend to sow peas alongside cereals from the next season. "
The businessman uses tractors and other smaller implements to work on the farm. Now the farmer needs a seed drill, so he is turning to the HeavyFinance investor community for the funding.
Area of declared land: leased 69,7 hectares,.
Annual interest - 14,5%
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.