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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.
LT0000643
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 82.66 ha | 1.38 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
A crop farmer who has been farming since 2013, currently owns an 82,66 ha farm in Varėna district. Here cereals such as rye, wheat, buckwheat and oats are grown.
The farm's machinery fleet currently consists of a tractor, a trailer, a sowing machine, a hay mower and other heavy machinery.
This is not the farmer's first HeavyFinance project; he has already borrowed €7 200 to buy a cultivator and has a current active loan balance of €4 600, with timely repayments.
In preparation for the new season, the project owner aims to increase the working capital of the farm. The funds will be used to purchase small machinery and to prepare for sowing. The entrepreneur is borrowing €38 920 from the HeavyFinance investor community to implement this plan. The loan will be secured by a mortgage on a tractor, a trailer and a shaver.
The entrepreneur plans to build a grain silo in the future as part of his plans for further expansion of the farm.
The owner of the project declares 82,66 ha, of which 1,38 ha are owned.
Annual interest
- Investing from €100 - interest 11,6%
- Investing from €500 - interest 12,3%
- Investing from €1,000 - interest 12,6%
- Investing from €2,000 - interest 13,1%
- Investing from €5 000 - interest 13,3%
- Investing from €10 000 - interest 13,7%
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.