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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.
LT0000728
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 100.45 ha | 3.30 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 93,142.00 € | 66,973.00 € |
| Net profit | 50,121.00 € | 39,829.00 € |
| Equity ratio | 45.41% | - |
Documents
Payment schedule
About the project
Since 2017, the entrepreneur has been running a 100.45 ha livestock farm in Klaipėda region. The farm became an organic farm in 2021 and currently has 87 purebred Aberdeen-Angus beef cattle.
The farm declares 100,45 ha of land (of which 3,3 ha is owned) for pasture and fodder production. The farm also provides services such as the production and delivery of fodder and the transport of manure and slurry to other farms.
In 2022, the farm plans to expand its land area to 110 ha and to increase its herd of purebred Aberdeen-Angus cattle to 100 sucklers. This loan will be used to purchase livestock with the support of the NMA.
This is not the farmer’s first project on the HeavyFinance platform, as the project owner has already received two loans and has a loan balance of EUR 48 605.21. The loan payments are made on time. Both loan agreements are with 80 % State guarantee.
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.