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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.
LT0000744
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 185.83 ha | 61.06 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 361,714.00 € | 189,820.00 € |
| Net profit | 28,037.00 € | 13,136.00 € |
| Equity ratio | 80.97% | - |
Documents
Payment schedule
About the project
The breeding farm was established in 2014, but the farmer has been in the business for a long time in Denmark. That's where the first breeding cattle came from. The farm has 199 Angus breeding cattle and this year has added 61 more calves. All the cattle are insured and all of them are fed on the farm, another 70 hectares of land are used for crop production. According to the farmer, breeding is much more profitable than industrial beef cattle farming.
Only the best specialists are employed on the farm. The equipment available includes three "Claas" tractors, all the forage preparation equipment, tractor trailers, slurry wagons, etc.
The entrepreneur wants to borrow 90 000 € to buy 60 breeding heifers from Denmark. The purchase will be subsidised by a State subsidy of EUR 1 000 per head.
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.