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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.
LT0000675
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 61.20 ha | 44.72 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
With this project, we invite the HeavyFinance investor community to contribute to the development of a Lithuanian crop farm.
The project owner, who has years of experience, is running a crop farm in the Tauragė region. On the 61.2 ha of land, he grows potatoes and cereals, most of which are wheat. The farm uses a combine harvester and two tractors.
This is the farmer's third project on the HeavyFinance platform. With his first projects, the farmer aimed to repair and upgrade parts for one of his tractors before the start of the next season. The farmer has active loans on the platform for € 18 540,53.
This loan is going to be used to increase the working capital, which will be used for further preparations for the upcoming season.
Area of declared land: 61,20 ha of which 44,72 ha is owned
Annual interest - 14%
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.