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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.
LT0000399
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The farmer, who has been farming since 2009, is currently cultivating more than 100 hectares of wheat, barley, and rapeseed.
Now, during the cold season, the farmer is willing to invest in the expansion of a technical fleet to be sure that all of the equipment is ready for the upcoming season. The farm's combine harvester was irreversibly damaged after the intensive harvesting season, therefore the businessman is now purchasing another one from Agrosistemos, UAB. The loan for the acquisition of this technical unit will be backed not only by the pledge of the combine harvester, but also by the pledge of the tractor.
The current farm fleet consists of a seed drill, cultivators and another smaller tractor.
Equipment seller: Agrosistemos, UAB
Area of declared land: 101,14 hectares, from which 15 hectares are owned by the project owner
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.