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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.
LT0000571
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
This project provides the HeavyFinance investor community with an opportunity to finance a loan of a Lithuanian leader in renting and servicing second-hand machinery - Nova rent. The collected funds will be used to purchase machinery.
Established in 2017, the Lithuanian-owned Nova rent UAB aims to provide Lithuanian farmers with the best agricultural machinery on the market at competitive prices and is successfully expanding its operations abroad. Since its launch, the company has followed a strategy of low rental prices and high quality of service.
The HeavyFinance investor community has already financed several of the company's loans - to date, UAB „Nova rent“ has repaid all 10 of its loans for a total amount of 962 000 €.
The company is now borrowing 53 400 € to purchase a CLAAS LEXION 600TT combine, which it intends to rent out to customers. The loan will be secured by a pledge on the purchased machinery.
Annual interest - 9%
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.