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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.
LT0000592
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 117.02 ha | 76.97 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project, who has many years of experience, has been running his farm in Šilalė district for over 20 years. During the years of his activity, the farmer has expanded to 77 hectares of owned land, where, depending on the suitability of the land, mainly wheat and rape are grown. The project owner maintains the farm with the help of his son and one hired worker.
The farmer's machinery fleet consists of three tractors, a combine harvester, trailers and other necessary implements such as ploughs, harrows, drills, etc. In the near future, the owner of the project plans to buy part of the land he currently leases.
The farmer is now borrowing 35 000 € from the HeavyFinance investor community to prepare for the upcoming sowing season. The loan will be secured by a pledge on the tractor.
Declared land area: 117,02 ha, of which 76,97 ha are owned.
Annual interest
- Investing from €100 - interest 9.1%
- Investing from €500 - interest 9.8%
- Investing from €1 000 - interest 10.1%
- Investing from €2 000 - interest 10.6%
- Investing from €5 000 - interest 10.8%
- Investing from €10 000 - interest 11.2%
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.