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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.
LT0000421
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Since 2005, the farmer has been running a 54-hectare livestock farm in Šilutė district. Currently, 52 beef cattle graze in the farm's meadows, but the farmer plans to expand the herd in the future. The farm supplies itself with fodder, so part of the area is dedicated to crop areas.
The farmer also produces frozen beef products from the farm, and promises to expand the product line even further in the future. The owner of the project assures that the farm will soon start growing vegetables and incorporating them into its products. In addition, the businessman plans to open a local store to sell the products as well as take out the accepted orders.
The farm equipment consists of a tractor and all the necessary attachments.
In order for the farm to continue to develop successfully, a loan is now needed - its purpose is to refinance the previous loan by borrowing on more favorable terms for the farm. The loan will be secured by a mortgage on the tractor and the warehouse..
Area of land declared: 54.44 ha, half of which is own land.
Annual interest
- Investing from 100 € - interest 11,6%
- Investing from 500 € - interest 12,3%
- Investing from 1.000 € - interest 12,6%
- Investing from 2.000 € - interest 13,1%
- Investing from 5.000 € - interest 13,3%
- Investing from 10.000 € - interest 13,7%
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.