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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.
LT0000554
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 223.86 ha | 94.18 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner, who started farming in 2015, runs a mixed farm in the Tauragė district. 70% of the farm is devoted to cattle, with 200 dairy cows and 100 calves. The remaining 30% is dedicated to crop production - where wheat, oats and rape are being cultivated. The farmer runs an organic farm of almost 230 ha.
The farm employs 6 workers in the off-season, all of them being family members, with whom together the farmer cultivates about 500 ha. Additional workers are hired when fodder preparation and cereal harvesting start, bringing the number of workers to 10-12.
Currently, the project owner has two combine harvesters, 5 tractors and other additional implements in his fleet of machinery, which he uses not only to maintain his farm but also to provide other farms with land processing services.
The farmer is now borrowing 35 828 € from the HeavyFinance investor community to increase his working capital. The funds will be used to prepare for the start of the season, to buy fuel, fertiliser and seeds, and to renew other miscellaneous equipment.
Area of declared land: 223,86 ha, of which 94,18 ha are owned.
Annual interest
- Investing from €100 - interest 6,1%
- Investing from €500 - interest 6,8%
- Investing from €1 000 - interest 7,1%
- Investing from €2 000 - interest 7,6%
- Investing from €5 000 - interest 7,8%
- Investing from €10 000 - interest 8,2%
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.