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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.
LT0000436
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Founded in 2018, the freight transportation company aims to further expand and develop its operations. he company offers a variety of transportation services, international and long-distance moving services, and utilization services.
Before setting up his own company, the project owner worked for seven years for a company, providing transportation services. While working there he noticed that there was a room for improvement and decided to set up his own business. Starting with the purchase of a vehicle and the creation of a website, he began to provide a range of transport-related services and within the first year of operation he had more orders than his previous employer. Since the beginning of his business, the businessman focused on providing a high quality of service and, as he says, the company's advantage over its competitors is that it can organise transport and help the customer in any case, situation and time. Some of the company's loyal customers include the Israeli Embassy and Bitė.
The company's team consits of qualified professionals with many years of experience in the transportation industry.The growing company is now strongly focused on building a loyal customer base and is looking to invest more seriously in customer acquisition. The company is now borrowing 39.000 € to cover these costs and the maintenance of its machinery.
Annual interest
- Investing from 100 € - interest 12,1%
- Investing from 500 € - interest 12,8%
- Investing from 1.000 € - interest 13,1%
- Investing from 2.000 € - interest 13,6%
- Investing from 5.000 € - interest 13,8%
- Investing from 10.000 € - interest 14,2%
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.