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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.
LT0000589
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project, we provide the HeavyFinance investor community with an opportunity to invest in the development of Magava UAB technical fleet. The firm is borrowing for the purchase of acombine harvester Claas Lexion 760 T41. The purchased technical unit will be pledged to secure the loan.
Established in 2013, Magava, UAB is a used heavy equipment rental and sales company based in Lithuania. Seeing that the market for heavy equipment rental is increasing, the company wants to expand operations. Due to this reason the company is borrowing €101 640 to purchase a combine harvester, which will be rented out.
The HeavyFinance community has already invested in four of the company's projects to purchase combine harvesters and a tractor. The company's current loan portfolio amounts to €346 740. The project owner is paying his instalments on time and has already fully repaid one loan of €92 900. In total, HeavyFinance investors have already earned over €40 000 in interest from Magava UAB.
Annual interest
- Investing from €100 - interest 7.8%
- Investing from €500 - interest 8.4%
- Investing from €1 000 - interest 8.7%
- Investing from €2 000 - interest 8.9%
- Investing from €5 000 - interest 9.2%
- Investing from €10 000 - interest 9.4%
- Investing from €20 000 - interest 9.7%
- Investing from €30 000 - interest 10.1%
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.