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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.
LT0000377
| 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
The farmer has been managing more than 270 hectares of crop farm since 2004. The businessman sows rapeseed and grains on the farmland and from next year will expand the variety of crops grown by allocating part of the fields to peas.
The entrepreneur follows the newest farming trends and now is considering switching from arable to no-till farming as this farming method saves energy resources and increases the amount of humus in the soil.
The farm's technical fleet consists of two tractors, a combine harvester, and a forklift.
The farmer is constantly making further plans to develop the farm - now the project owner wants to invest in the purchase of smaller agricultural equipment. In the future, the businessman is considering buying a sprayer and a drill.
The businessman has already borrowed 18.888 € from the HeavyFinance investor community. The loan was financed on 10/11/2021 and will be disbursed to the farmer shortly.
Area of declared land: 271,35 hectares, from which 80 hectares are owned by the project owner.
Annual interest - 13%
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.