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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.
LT0000715
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 87.57 ha | 55.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 149,740.00 € | 161,732.00 € |
| Net profit | 58,582.00 € | 67,493.00 € |
| Equity ratio | 54.21% | - |
Dokumentai
Mokėjimo grafikas
About the project
The entrepreneur, who has been farming for nine years, currently has 60 dairy cows and 8 heifers on her farm.
Part of the land is devoted to cereal crops - maize, wheat, and barley. The farmer uses four tractors, a baler, a drill, a hay mower, a rake, a divider, and a trailer.
The husband of the project owner has a farm on his own declaring beef cattle and part of the arable land, bringing the total family farm to 200 hectares.
This is not the farmer's first project on the HeavyFinance platform, previously she has 2 projects on HeavyFinance (LT0000344, LT0000265 with total active balance is 24 388,86 €) and she is meeting her commitments on time.
Now she wants to borrow money to build a hangar to store not only the harvested crops but also the machinery, and she is pledging 14 pieces of freehold land with a total area of about 33 ha to secure this loan.
The farmer plans to increase her herd of dairy cows to 100 heads in the future, as well as raise beef cattle.
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.