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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.
LT0000404
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The company, which has only recently started operations, specialises in the rental of quarry and road construction equipment. The company owns a quarry screening plant, which is currently rented out for gravel processing.
Although the project owner has only been operating for four months, the company's management is negotiating long-term contracts with the largest Lithuanian road construction companies and quarries for the recycling of construction materials, i.e. stone, concrete blocks, asphalt and other hard materials, due to the high demand. For this purpose, the company purchases a mobile shredder Kleemann MCO9EVO for crushing stone and other solid materials. The loan will be secured by a pledge of the purchased machinery, which has a very high residual value, and by sureties of legal and natural persons. These individuals have extensive experience in road construction and bulk product processing.
The project has been assessed on the basis of the financial statements of the guarantor company, as the project owner has not yet been able to generate income due to the very short period of operation.
Annual interest - 10%
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.