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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.
LT0000486
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 78.52 ha | 22.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
With this project, we invite the HeavyFinance investor community to contribute to the development of a Lithuanian crop farm.
The owner of the project, with many years of experience, grows a wide range of crops in the Vilkaviškis district. On an area of 78.52 hectares, the farmer cultivates 60% of wheat and 25% of rapeseed, with the remainder devoted to oats and other cereal crops. The percentages vary slightly from year to year due to seeding, and the farmer takes care of the soil fertility by sharing and exchanging land with his son who grows other cultures on his farm. The farmer sells most of his produce to Agrokoncernas.
According to the project owner, the farm is equipped with all the necessary implements. The machinery fleet consists of a combine harvester, various types of cultivators, ploughs, 4 tractors, spraying equipment, recently upgraded fertiliser equipment, trailers and other smaller tools. The owner of the project tries to regularly update the machinery and to implement the most modern technologies on the farm. He has previously received support from the European Union to achieve this.
This loan is intended to replenish working capital. The farmer has received a favourable offer to expand his land and plans to build a hangar where he can store his harvest in order to be able to sell his produce at more profitable prices.
The area of declared land is 78,52 ha, of which 22 ha are owned and the rest rented.
Annual interest - 12,5%
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.