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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.
LT0000770
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 686.55 ha | 0.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 1,178,442.00 € | 1,011,870.00 € |
| Net profit | 12,140.00 € | 210,153.00 € |
| Equity ratio | 25.65% | - |
Documents
Payment schedule
About the project
This project gives HeavyFinance investors the opportunity to finance UAB Elicon Baltic's project to increase working capital. For this purpose, the company is borrowing €18 000 and will pledge its own machinery as collateral for the loan.
The German farmer and his family, who settled in Lithuania in 2005, started a crop farm. Since 2010, the family business has grown to around 1,000 hectares of owned and rented farmland.
One of the family-owned companies, UAB Elicon Baltic, declares more than 680 hectares of farmland. It grows winter wheat, triticale, oilseed rape and other crops. The company, which has 4 employees, operates several tractors, a combine harvester and other necessary heavy machinery.
This is not the company's first project on the HeavyFinance platform. The company has two active loans, LT0000023 and LT0000061, with a balance of EUR 97 338.45. The funds receive from this loan will be used to cover some part of the existing loan and to increase the company's working capital.
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.