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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.
LT0000478
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Individual guarantee
About the project
Since its establishment in 2006, the project owner's company has been involved in the wholesale of various painting systems."Reton UAB currently offers the following products to its customers: powder paints for the painting of black and coloured metal parts and structures, liquid paint systems (paints, varnishes, primers, etc.) for the coating of large metal and marine structures and plastics, and painting equipment.
In order to expand the business, it is planned to purchase paint and varnish production equipment and metal and woodworking machines. Until now, the company has been selling ready-made paints and varnishes. In order to increase margins and reduce the time to reach the customer, the company's management has decided to start producing paints and varnishes themselves.
It was pointed out that customers were also enquiring about small metal or woodworking jobs, which were being refused by the larger companies, so the plan is to start providing these services to existing customers. The profitability of producing the paint in-house is 60 %. As the time to reach the customer will be reduced, new customers are expected to be attracted. Sales of paints are forecast to increase by min. At least EUR 4 000 per month is expected from metal and woodworking services.
The project owner is borrowing €100,000 for this purpose. The loan will be secured by a pledge on equipment and a guarantee from the Agricultural Loan Guarantee Fund.
Annual interest
- Investing from 100 € - interest 9,8%
- Investing from 500 € - interest 10,4%
- Investing from 1.000 € - interest 10,7%
- Investing from 2.000 € - interest 10,9%
- Investing from 5.000 € - interest 11,2%
- Investing from 10.000 € - interest 11,4%
- Investing from 20.000 € - interest 11,7%
- Investing from 30.000 € - interest 12,1%
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.