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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.
LT0000386
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Founded 12 years ago, the company began by offering accounting services, then expanded its services variety and started writing business plans and consulting various business, as well as assisting them in applying for financing.
One of the company's former clients worked on groats processing and packaging, but when the shareholders separated, they opted to hand over the owned equipment. Because the borrowing firm's management has extensive experience in agricultural activities, the company has decided to broaden the scope of services offered.
Previously, the family owned 15.000 hectares of land, but after deciding to focus on business consultancy, the majority of the land was sold to one of Lithuania's largest agricultural businesses. The farmers' family currently owned farmland consists of 600 hectares.
Now, taking the opportunity to apply the deep knowledge of farming and agribusiness management, the company chose to expand this operation to production and packaging of groats.To begin delivering services, the company must first obtain special equipment.
A new set of groats production, quality control and packaging equipment will enable the company to create 6 permanent jobs positions - new employees will be responsible for grain evaluation and weighing, grain packaging and other necessary work to properly transform unprocessed grain to final products for wholesale and retail trade.
The newly purchased laboratory equipment will provide even more accurate and faster evaluation of grain moisture, gluten, and other factors to identify the specific type of grain, suitability for production and price. The acquired packaging equipment will also be used for packaging groats and other bulk food products up to 3 kg (cumin, nuts, etc.).
Following the installation of all equipment, the company intends to apply for a food handling licence issued by the State Food and Veterinary Service. A food handling licence cannot be issued before the necessary equipment is prepared.
Later, the company plans to acquire customized scales as well as a vehicle to transport the grain.
Annual interest
- Investing from 100 € - interest 11,1%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,1%
- Investing from 2.000 € - interest 12,6%
- Investing from 5.000 € - interest 12,8%
- Investing from 10.000 € - interest 13,2%
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.