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Agriculture loan
+State guarantee
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.
LT0000372
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 100.45 ha | 3.30 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
About the project
With this project, we invite you to invest in the modernisation of a livestock farm. The loan is for the purchase of various trailed machinery and will be secured by a pledge on the machinery purchased.
Since 2017, the entrepreneur has been running a 100,45 ha livestock farm in the Klaipėda region, where he currently raises around 70 beef cattle. Most of the cattle are of the Aberdeen-Angus breed. The farm also produces fodder for cattle. In addition to its main activities, the farm also provides services such as the production and delivery of fodder and the transport of manure and slurry. In order to modernise the farm, the farmer is currently borrowing €30.380 hat will be used to purchase railed machinery.
This is not the farmer's first project on the HeavyFinance platform - the project owner has already obtained one loan for the purchase of a used tractor (also with Garfond guarantee), with a loan balance of € 18.225,21. The loan payments are made on time.
Declared land area: 103,45 ha, of which 3,3 ha are owned.
Annual interest
- Investing from 100 € - interest 8,6 %
- Investing from 500 € - interest 9,3 %
- Investing from 1.000 € - interest 9.6 %
- Investing from 2.000 € - interest 10,1 %
- Investing from 5.000 € - interest 10,3%
- Investing from 10.000 € - interest 10,7%
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.