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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.
LT0000758
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 327.41 ha | 86.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 318,630.00 € | 270,003.00 € |
| Net profit | 53,678.00 € | 57,120.00 € |
| Equity ratio | 34.84% | - |
Documents
Payment schedule
About the project
The project owner started the development of his farm in 2010, but he actively started farming in 2017 and since then he expanded his farm's arable land to almost 330 hectares. The farmer's wife also owns agricultural land, therefore the total area of the family farm is up to 350 hectares. The farmer employs one permanent employee, as well as an additional employee during the season.
The majority of the farm area is sown with wheat, as well as barley and rapeseed. The businessman has three tractors, a combine harvester, a sprayer, a seed drill, a disc harrow, a trailer, and other agricultural machinery to do all the work.
The project owner is now seeking to borrow 31.800 € from the HeavyFinance investor community to expand the farm by purchasing additional agricultural land.
This is not the first project of a farmer on the HeavyFinance platform, the farmer has 4 loans on the platform - the current loan balance is 48.108.63 €, active loan number: LT0000022, LT0000389, LT0000428, LT0000493. All instalments have been executed 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.