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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.
LT0000517
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 73.68 ha | 1.97 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Six years ago, after completing the training of young farmers, the businesswoman started to develop a mixed farm in the Telšiai district. The woman currently grows crops, like oilseed rape, barley, wheat, hemp seeds. The part of the farm's land is used for grass seed production, and the rest is used for meadows, where 20 breeding heifers graze.
The farmer is seriously focusing on expanding her machinery fleet, having recently purchased a baler after receiving funding approval from the National Paying Agency, and has borrowed from HeavyFinance for the purchase of a new semi-trailer and a hay mower during the second phase of the project with NPA. The current active loan balance is 74 917,25 €.
In addition to the baler, the entrepreneur also uses grain drying equipment and an oil press.
The entrepreneur's vision is not limited to improving her machinery fleet, as she intends to further develop her livestock farm and to acquire new breeding heifers in the future.
Area of declared land: 73,68 hectares, from which 1,97 hectares are owned by the farmer
Annual interest
- Investing from 100 € - interest 10,6%
- Investing from 500 € - interest 11,3%
- Investing from 1.000 € - interest 11,6%
- Investing from 2.000 € - interest 12,1%
- Investing from 5.000 € - interest 12,3%
- Investing from 10.000 € - interest 12,7%
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.