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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.
LT0000545
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 56.51 ha | 22.23 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
About the project
The owner of the project, who started farming in 2008, is currently managing a crop farm of almost 56 ha in the Raseiniai district, Lithuania. The farmer cultivates a variety of crops - rapeseed, barley and the wheat, which occupies the largest part of the farm. The project owner maintains the farm by himself and calls it his hobby.
The farmer reports that he has all the equipment needed to run the farm and has recently purchased a new tractor. He is now borrowing 13 000 € from the HeavyFinance investor community to buy a tractor-mounted seeder.
The land area declared by the project owner is 56,51 ha, of which 22,23 ha are owned.
Annual interest - 9,5%
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.