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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.
LT0000508
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 186.42 ha | 83.61 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project is dedicated to the development of a Lithuanian farm. The farmer, who first gained experience working with a large Danish farmer, set up his own farm in 2005. Since then, the business established in the fertile Kaišiadoriai district has expanded to 186 hectares of declared farmland and practices no-till farming.
The farmer claims that competition for farmland in the region is high, making it difficult to expand. However, every year together with his family he manages to purchase several hectares from current landlords.
The farmer now has ambitious plans to expand his farm, having recently bought a plot of land with buildings with the intention of converting it into a farm base. As the purchased plot is strategically located in close proximity to his lands, the project owner will save considerable transport costs during the construction works.
The farm's technical fleet consists of two tractors, a harvester, five trailers, a sprayer, and various smaller equipment.
This is not the farmer's first project on the HeavyFinance platform, as he currently has two active loans with a balance of € 175.000. Loan payments are being made on time and the project owner has already repaid one loan of €26,250. The farmer is now borrowing to prepare for the coming season and the loan will be secured by a pledge on the farm's production procurement contracts.
Area of land declared: 186,42 hectares, from which 83,61 hectares are owned by the farmer.
The farmer will also sign a promissory note* for a full amount including the interest.
*A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date.
Annual interest
- Investing from €100 - interest of 8.5%
- Investing from € 500 - interest of 9.3%
- Investing from € 1.000 - interest of 10%
- Investing from €2,000 - interest of 10.2%
- Investing from €5,000 - interest of 10.5%
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.