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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.
LT0000487
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 36.14 ha | 17.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project, who has been farming in the Lazdijai district for 7 years, is mainly involved in livestock farming. The farm is a mixed - 20 dairy cows and 70 young cattle, as well as cereals. The project owner manages the farm together with his family members.
The project owner uses his own fleet of machinery for farm work: tractor, cultivator, plough, slurry carrier, trailers, hay mowers, balers and other smaller equipment. The farmer has previously received a couple of European Union grants to purchase them.
With this project, he is borrowing from the HeavyFinance investor community to buy a Massey Ferguson Dyna VT 7485 tractor, and the loan will be secured with the purchased tractor.
As of today, the project owner's declared land area is 36.14 ha, of which 17 ha are owned.
Annual interest
- Investing from 100 € - interest 11%
- Investing from 500 € - interest 11,8%
- Investing from 1.000 € - interest 12,5%
- Investing from 2.000 € - interest 12,7%
- Investing from 5.000 € - interest 13%
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.