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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.
LT0000560
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 44.59 ha | 8.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
We are introducing to the HeavyFinance investor community a family-run agricultural business looking for external funding.
The entrepreneur, who started farming in Kėdainiai district in 2015, currently declares 44.59 hectares of arable land. He owns 8 hectares of this land and rents the rest of it.
This area is used to grow wheat, rapeseed, beans and barley. The farm has two tractors, a combine harvester and all the necessary implements. This year, the entrepreneur plans to buy more farmland. With the purchase of an additional 6 hectares, he will declare 50 hectares of land.
In addition, the entrepreneur farms together with his brother (declaring 180 hectares of land) and his brother-in-law (declaring 50 hectares of land). Together they have 275 ha of declared land and by working side-by-side they achieve better economies of scale, both when shopping for the new season in spring and when selling the harvest in autumn.
Declared land area: 44,59 ha, of which 8 ha are owned.
Annual interest 10%
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.