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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.
LT0000748
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 10.47 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 13,861.00 € | 9,651.00 € |
| Net profit | 1,523.00 € | 4,705.00 € |
| Equity ratio | 75.75% | - |
Documents
Payment schedule
About the project
With this project, we are inviting the HeavyFinance investor community to invest in the development of a young farm. The farmer runs a 10.47 ha mixed farm in the Alytus district. It produces beef cattle, potatoes and pumpkins. The farm uses a tractor, a truck, a potato harvester and a plough. The heavy machinery is also used to supply services such as ploughing, discing, sowing to other farms. The entrepreneur plans to expand the farm later this year by acquiring 7 ha of land.
This is the farmer's second loan which will be used to buy some necessary small machinery equipment. The first loan was guaranteed by an 80% individual guarantee provided by the state-run National Development Institution, UAB Agricultural Loan Guarantee Fund (ALGF). Active loan balance is 8 036.44 € (LT0000118), all payments are made on time.
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.