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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.
LT0000525
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The company which is established in the Varėna district is engaged in the transportation of bulk cargo in Lithuania. The company has been operating for four years and transports a wide range of cargoes, including asphalt, gravel, crushed stone, sand and pellets.
This is not the company's first project on the HeavyFinance platform - in its first project, it borrowed €23 780 to expand its fleet of machinery, after which the company started transporting cereals. The company purchased a MAN TGA 18.430 tractor (2006) and a Feber Inter Cars 34NWM4 tipper trailer (2011). Following this renewal, the company's fleet of motor vehicles now consists of three tractors and three tipper semi-trailers. Installments are paid on time.
The company is now borrowing € 7 000 to cover running costs for the winter season. The loan will besecured by the personal surety of the owner of the company.
Annual interest - 11%
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.