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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.
LT0000657
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 44.43 ha | 10.50 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 118,638.00 € | 38,513.00 € |
| Net profit | 22,470.00 € | -5,425.00 € |
| Equity ratio | 18.13% | - |
Documents
Payment schedule
With this project, we invite you to invest in the development of the Lithuanian company UAB Agronera. Founded five years ago by a farming family, the company currently operates a 44.43-hectare farm in the Telšiai district, where it grows cereals and also provides services to other farms with its machinery. The company's income from these services accounts for about half of its turnover.
The company owns a Claas Jaguar 870 self-propelled shredder, an Amazone UX 5200 Super sprayer and other equipment necessary for the maintenance of the farm.
The company has already borrowed from the HeavyFinance investor community on several occasions, with UAB Agronera's current loan portfolio amounting to € 129 246.
This loan will be used to refinance a previous loan, as the company seeks to invest more in spring to have a bigger harvest. The loan will be secured by a pledge on machinery
Declared land area: 44,43 ha, of which 10,5 ha are owned by the company itself.
Interest:
- Investing from €100 - interest 13,6%
- Investing from €500 - interest 14,3%
- Investing from €1,000 - interest 14,6%
- Investing from €2,000 - interest 15,1%
- Investing from €5,000 - interest 15,3%
- Investing from €10,000 - interest 15,7%
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.