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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.
LT0000557
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 61.64 ha | 22.42 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project, who has been farming since 2009, runs a 61.64 ha crop farm in the Skuodas district. He grows wheat, which accounts for 50% of the farm, and 25% each of rapeseed and barley. The project owner takes care of the farm by himself, sometimes with the help of family members.
The farmer's main vision is to expand the area under cultivation as much as possible. The entrepreneur mentions that expanding the farm is not an easy task, as there are many large farms around with similar ambitions. Recently, the owner of the project was offered a two-hectare plot of land nearby, which contributed to increasing the farm's productivity. The farmer borrowed 10 000 € from the HeavyFinance investor community to buy it.
The entrepreneur uses his own equipment to run the farm: two tractors, a combine harvester, a plough, a cultivator and other necessary equipment. Since the last project, a new trailer has been added to the farmer's fleet.
The project owner is now borrowing 26 320 € to increase his working capital for the upcoming season. The loan will be secured by a pledge on 7,41 ha of land.
Declared land area: 61,64 ha, of which 22,42 ha are owned.
Annual interest
- Investing from 100 € - interest 10%
- Investing from 500 € - interest 10,8%
- Investing from 1 000 € - interest 11,5%
- Investing from 2 000 € - interest 11,7%
- Investing from 5 000 € - interest 12%
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.