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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.
LT0000765
| Project owner | Address |
|---|---|
| Stasys Meškėnas | Biržų dist., Palaidžios vil. |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 125.87 ha | 79.29 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 153,574.00 € | 131,968.00 € |
| Net profit | 40,400.00 € | 23,234.00 € |
| Equity ratio | 37.75% | - |
Documents
Payment schedule
About the project
The owner of the project, who has many years of experience, manages a 126-hectare crop farm in Birzai district. The farm currently produces rapeseed, barley and wheat, which accounts for the majority of production, and the harvest is mainly sold to the Linas Agro group. The farm used to be a mixed farm with dairy and beef cattle, but with the fall in farmgate prices, the farmer decided to focus on crop production. The owner of the project runs the business with the help of his family members.
The farmer claims to be well equipped with the machinery needed to maintain the farm, which includes two tractors, a combine harvester, a sowing machine, trailers and other small implements.
With this project, the farmer is borrowing 22.000 € from the HeavyFinance investor community to buy fuel and spare machinery parts. The loan will be secured by a pledge on the owned Tractor John Deere.
The farmer previously has one loans on the HeavyFinance platform (LT0000479), the active loans balance is 35 000 €. All instalments has 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.