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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.
LT0000376
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we provide HeavyFinance investors with the opportunity to invest in a top-ranking loan for three land plots with a total area od 9,63 hectares. The loan will be secured by the pledge of purchased land.
The farmer has been taking over a family business since 2013 from her father, who is a famous farmer in the region. Currently, the family owns 200 hectares of arable land and has rental contracts with many people for another 1.000 hectares of farming land
The project owner’s long-term plan is to acquire more land with a high soil fertility rate to improve financial sustainability. According to her, there are many great offers to buy some arable land, therefore she is planning to continue acquisitions for at least a couple of years.
‘I treat a farm like a business, not a way of life. Maybe in the future, I will start leasing part of the land to diversify the business’ said the farmer, who grows wheat, rapeseed, oat, and rye.
This is not a farmer's first project on the HeavyFinance platform - the businesswoman has a loan portfolio of 207.500 €. The agri-entrepreneur pays her debts and interest on schedule.
Area of declared land: 756,65 hectares
Annual interest
- Investing from 100 € - interest 9,5%
- Investing from 500 € - interest 10,3%
- Investing from 1.000 € - interest 11,0%
- Investing from 2.000 € - interest 11,2%
- Investing from 5.000 € - interest 11,5%
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.