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.
LT0000773
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 498.82 ha | 200.00 ha |
2021 | 2020 | |
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Revenue | 574,274.00 € | 685,055.00 € |
Net profit | 285,157.00 € | 189,941.00 € |
Equity ratio | 73.34% | - |
About the project
With this project we invite you to invest in a loan for a large farm established in 1992. Over almost three decades, the farm has grown to 500 hectares of declared land, growing rapeseed, sugar beet, beans and various grains.
200 hectares of the land is owned by the farmer and the rest is being rented from neighbouring farmers. The farmer works on his farm together with his two sons and two employees.
To take care of large fields, it has two combine harvesters, three tractors, two seeders, a sprayer and other smaller heavy-duty vehicles and instalments.
Having in mind the seasonality of the business, the farm gets the majority of the revenue in Autumn, when the harvest is sold. Therefore, now it needs to increase working capital and to refinance the existing loan LT0000206 in order to be fully prepared for the harvesting.
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.