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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.
LT0000497
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 287.69 ha | 172.14 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The organic dairy farm, which has been in operation for 18 years, currently operates on about 287 hectares of land. The farm has over 400 head of cattle and 14 employees working on the farm. Due to unfavourable milk farm gate prices, the farm had recently considered looking for better conditions on foreign markets, but in appreciation of the farm's organic production, Lithuanian buyers agreed to negotiate more favourable prices.
The owner of the project grows and produces most of the cattle feed himself and to ensure the health of the animals does not spare on the supplements and vitamins that are added to the feed. The remaining crop production that is not used for feed is sold, so the farm is of a mixed nature.
The equipment fleet is shared with his wife, who also farms, and includes 2 combine harvesters, 6 tractors, a forage divider, an organic harrow, ploughs and other smaller implements. The farmer is now planning to buy a milking robot and to adapt the existing premises to work with it, which is the main purpose of this loan. The farmer will cover part of the cost himself, and is borrowing €140,500 from the HeavyFinance investor community to cover the remaining costs. The loan will be secured by a pledge of biological assets, 421 head of cattle, which will be insured at the time of the contract.
The farmer's declared land area is 287,69 ha, of which 172,14 ha are owned.
Annual interest
- Investing from €100 - interest of 10.4%
- Investing from € 500 - interest of 11%
- Investing from € 1.000 - interest of 11,3%
- Investing from €2,000 - interest of 11.4%
- Investing from €5,000 - interest of 11.5%
- Investing from €10,000 - interest of 11.6%
- Investing from €20,000 - interest of 11.8%
- Investing from €10,000 - interest of 12.1%
- Investing from €20,000 - interest of 12.8%
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.