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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.
LT0000724
| Project owner | Address |
|---|---|
| Mindaugas Višinskis | Pavekiu village, Bubiai municipality, Siauliai district |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 77.43 ha | 8.30 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 71,885.00 € | 71,193.00 € |
| Net profit | 39,854.00 € | 40,478.00 € |
| Equity ratio | 91.02% | - |
Documents
Payment schedule
About the project
The farmer started his farm in 2011 by buying his first land. For this season farmer has planted 38 ha of wheat and 38 ha of rapeseeds. Crops are usually sold to UAB Agrokoncernas, UAB Agrochema, and UAB Agrobosas.
The farmer is working on the farm by himself, however, sometimes he hires an additional worker for help.
He rents out a tractor and owns a sprayer, seeder, and other smaller pieces of equipment. There is also no-till technology used on the farm.
The farmer plans to increase his farmland to 120 ha for the following season. With this project, farmer is purchasing 4 ha of land. HeavyFinance.
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.