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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.
LT0000596
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 660.54 ha | 15.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
With this project we are inviting you to invest in a company with strong development and expansion goals.
The main activity of the company, which has been operating for three years, is the production of meat products. The company produces various products such as sausages, rolls, raw meat products. The company also cultivates a 660,54 ha farm where rapeseed and winter wheat are grown.
The scale of the farm activities is huge, so the available fleet of machines is also solid: 2 harvesters, a self-propelled sprayer, 5 tractors (all mentioned so far were funded on HeavyFinance platform), a truck, 8 trailers, a telescopic loader, a baler, a seed drill, a forage harvester, a mower, and more small technique. The company recently acquired a livestock farm, so an additional tractor was purchased to accommodate the growing farm.
This is not the company's first loan on the HeavyFinance platform - it currently has eight active loans and has already repaid two loans worth €126 590. In 2021, the company has covered over €210 000 in loan principle and interest. The company's current loan balance is €676 678,95.
The company is now planning to purchase 6 units of grain silos with a grain dryer. For this purpose, it is borrowing €80 000 from the HeavyFinance investor community. The loan will be secured by a pledge on the equipment purchased.
Area of declared land: 660,54 ha, from which 15 ha is owned by the project owner.
Annual interest
- Investing from €100 - interest 8.7%
- Investing from €500 - interest 9.4%
- Investing from €1 000 - interest 9.7%
- Investing from €2 000 - interest 10%
- Investing from €5 000 - interest 10.2%
- Investing from €10 000 - interest 10.4%
- Investing from €20 000 - interest 10.9%
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.