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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.
LT0000432
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Invest in the company with strong development and expansion plans. The financing will be used to expand a farm equipment fleet and puchase a tractor. Your investments will be secured by a pledge of the purchased tractor.
The main activity of the company, which has been operating for three years, is the production of meat products. The company produces such products as sausages, rolls, raw meat products. At the same time, the company also cultivates a 660,54 ha farm where rapeseed and winter wheat are grown. Although the company currently buys livestock from other farms, it plans to acquire a livestock farm this year to raise beef cattle. To implement this project, the company will seek to receive funding from HeavyFinance investor community.
The scale of the farm activities is huge, so the available fleet of machines is also solid: 2 harvesters, a self-propelled sprayer, 5 tractors (all mentioned so far were funded on HeavyFinance platform ), a truck, 8 trailers, a telescopic loader, a baler, a seed drill, a forage harvester, a mower, and more small technique. The company recently acquired a livestock farm, so an additional tractor is needed as the farm grows.
The company's growth prospects are reflected not only in its expansion plans, but also in the financial statements - last year the company's turnover amounted to almost 1,2 million euros. The income statement for the first three quarter of this year shows that the revenue is already almost 1 million euros.
The company currently has five active loans and two have already repaid, in total, the company has paid approximately 210.000 euros in loans and interest from the harvest of 2021. The company's current loan balance is 566.678,95 €.
Area of declared land: 660,54 ha, from which 15 ha is owned by the project owner.
Annual interest
- Investing from 100 € - interest 9,6%
- Investing from 500 € - interest 10,3%
- Investing from 1.000 € - interest 10,6%
- Investing from 2.000 € - interest 11,1%
- Investing from 5.000 € - interest 11,3%
- Investing from 10.000 € - interest 11,7%
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.